Zesa suspends 16 executives as probe intensifies

ZESA Holdings has suspended 16 senior executives in its subsidiaries to pave way for forensic investigations currently underway, the company announced.

In a press statement Tuesday, chairman Herbert Murerwa said a forensic audit was currently underway at Zimbabwe Power Company (private) Ltd, Zimbabwe Electricity Transimission & Districution Company and ZESA Enterprises (Private) Ltd.

“In order to allow the auditors to complete their mandate, it has become necessary for some senior members of staff in identified positions to be away from their workstations for a period,” he said.

This is necessary so as to allow the auditors unfettered access to information and records as maybe necessary.”

This comes after the arrest of last week of ZESA Holdings chief exectutive Josh Chifamba on charges of corruption.

Police arrested Chifamba on Wednesday to face charges that “relate to a $35 million tender involving an Indian company called PME,” police spokesman Paul Nyathi said. Noida, India-based PME Power Solutions India Ltd. is a manufacturer of power transformers.