Business

Ex TIMB Chief Patrick Devenish spends weekend in custody

Zimbabwe Anti-Corruption Commission has arrested former Tobacco Industry Marketing Board (TIMB) chairperson, Patrick Devenish and former chief executive officer, Meanwell Gudu on charges of fraud.

The two appeared at Harare Magistrate Court this 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.

Zbc

Share
Published by
Muzavazi

Recent Posts

Buying Cars in Harare & South Africa via Beitbridge: A Complete 2025 Guide

Buying a car in South Africa and bringing it into Zimbabwe through Beitbridge has become… Read More

4th December 2025

A New Era Begins — Our Football Coverage Has Moved to Mzansi.com

For years, our platform has been your trusted destination for breaking football news, match updates,… Read More

26th November 2025

Autos.Africa: Connecting Africa’s EV Car Buyers, Exporters, and Dealers in One Automotive Network

Across Africa, vehicle buyers and importers are discovering a new way to connect — through… Read More

5th November 2025

Buy UK, South African and Chinese Vehicles in Lesotho — CarsInLesotho.com Opens Global Access to Quality Cars and Trucks

Cars for sale in Lesotho  are now easily available to consumers with different budgets. Moreover,… Read More

5th November 2025

3 perish, 18 injured in fatal RTA along Harare-Mutare road

The Zimbabwe Republic Police (ZRP) confirms a fatal road traffic accident which occurred on 23/10/25… Read More

24th October 2025

CIO bursts WhatsApp extortion web scam

Zimbabwe's state security agency, Central Intelligence Organisation (CIO) has burst an intricate WhatsApp-based scam through… Read More

24th October 2025