Cottco executives back in court

15 Aug, 2022 - 14:08 0 Views
Cottco executives back in court Mr Pious Manamike

The Herald

Senior Court Reporter 

TWO Cotton Company of Zimbabwe (Cottco) executives, Pious Manamike and Maxmore Njanji, charged with concealing a transactions from a principal and money laundering were today ordered to return to court on September 8 pending finalisation of investigations into their matter.


The State said there  are outstanding statements from the Reserve Bank of Zimbabwe which needed to be recorded.


Manamike, who was Cottco managing director and Njanji, a head of marketing, operations, ginning and logistics, Maxmore allegedly used their own trucks to distribute inputs from the firm’s depots around the country without their employer’s knowledge.


The duo today appeared before regional magistrate Mr Stanford Mambanje.

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