Saturday, July 03, 2010

Railway officials accused of fraud

from SWRadioAfrica

Top executives from the National Railways of Zimbabwe (NRZ) are being investigated for fraud, to the tune of an estimated US$15 million.

Gibson Boston Siziba, a senior auditor with the NRZ, on Thursday filed a police report that implicated the state-owned rail firm’s finance director Patrick Bondayi and former police commander Frank Msutu, who is NRZ senior manager for security operations.

According to the police report, Bondayi allegedly worked with other officials in the finance department to misappropriate funds by over-invoicing of spare parts. Bondayi was reportedly suspended three months ago to facilitate investigations when details of the alleged fraud surfaced.

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