Millions Lost To Fraudsters As Fake Insurance Policies, Sold To Vehicle Owners, Flood Zimbabwe

Millions Lost To Fraudsters As Fake  Insurance Policies,  Sold To Vehicle Owners, Flood Zimbabwe

Fake motor vehicle insurance policies have flooded the country with millions of dollars being lost to fraudsters, Transport minister Joram Gumbo has said. Gumbo, in a ministerial statement to the National Assembly on Thursday, said there was a lot of corruption in vehicle insurance to the extent that the Traffic Safety Council of Zimbabwe (TSCZ) had experienced problems in collecting levies from third party insurance firms. “Of late, the Traffic Safety Council of Zimbabwe has…

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Parastatals Board Members, Face Dismissal As Government Stems corruption’

Parastatals Board Members,  Face  Dismissal As Government Stems corruption’

Board members of several parastatals face imminent dismissal as Government flexes its muscle to stem corruption through the National Code on Corporate Governance. This week alone, board members from three parastatals were fired for corruption, gross abuse of financial resources and poor corporate governance. The code, which came into effect in April, provides a framework for corporate conduct for both the public and private sectors focusing mainly on issues of corruption, corporate disclosure, communication and…

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