ZACC swoops on TIMB board chair, ex-CEO
STAFF WRITER
The Zimbabwe Anti-Corruption Commission has arrested the Tobacco Industry Marketing Board (TIMB) chairperson, Patrick Devenish and former CEO, Meanwell Gudu on charges of fraud.
The two appeared at Harare Magistrate Court on Saturday and have been remanded in custody.
Allegations against the two are that sometime in May 2021, they fraudulently advanced a loan facility of US$494 873 to Ultime Accolade Private Limited without the knowledge of other TIMB board members or a board resolution.
Gudu’s fresh arrest comes a day after he was acquitted by the Harare Magistrate Court of all charges related to criminal abuse of office after he was arrested for allegedly misappropriating over US$2m.
