Cottco bosses freed on bail

By Fungai Jachi

COTTON Company of Zimbabwe (COTTCO) Managing Director Pious Manamike and the firm’s Marketing and Business Development Manager, Maxmore Njanji who are facing corruption related charges have been granted bail.

Manamike and Njanji were arrested last Thursday by the Zimbabwe Anti-Corruption Commission.

The pair allegedly contracted their personal companies to deliver goods without declaring their interests to COTTCO and went on to use the proceeds of crime to purchase vehicles.

They are facing charges of concealing a transaction from a principal and money laundering.

In granting the two COTTCO bosses bail, the court noted that the duo has proved that they have strong ties to the country.

The court added that the duo knew that they were being investigated but did not flee which proved that they are good candidates for bail.

They will be back in court on the 15th of August.

Meanwhile, Citizens Coalition for Change Legislators Job Sikhala and Godfrey Sithole who are facing charges of inciting public violence appeared in court this Wednesday for their routine remand.

However, the two opposed the August remand date they were given by the State with the matter being rolled over to this Thursday for ruling.