Chiyangwa gets taste of own medice; gets fleeced $3 million

HARARE – Controversial Harare businessman Mr Philip Chiyangwa is believed to have been fleeced of $3 million after his consulting engineer allegedly misrepresented the cost of building materials and services for various construction projects.

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The Zimbabwe Association of Consultancy Engineers (Zace) has since opened investigations.

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Mr Chiyangwa said he was shocked by the theft. “I am the victim here and asking me to comment is putting me in a tight spot,” he said.

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“These people have been stealing my money for the past four years, inflating bills of quantities and, at times, payment figures. Speaking to the Press will not help much in recovering my lost investments. All I can say is the engineer is a very dangerous engineer.”

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Information gathered last week indicates Chiyangwa — through his property vehicle, Pinnacle Holdings — engaged a construction company known as Tarcon to develop some of his properties and appointed the consulting engineer.

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Businessman Mr Supa Mandiwanzira is board chairman of the firm. It is understood the engineer (name withheld) connived with some Tarcon employees to inflate the bills of items required at the properties.

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They would then, it is alleged, purchase the material at much lower prices and pocket the difference.

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The matter only came to light after a Tarcon audit. The firm has since requested Zace to de-register the engineer. Mr Chiyangwa said he was willing to assist with investigations, adding that he has already repossessed a vehicle the engineer was using.

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Gudo said: “We have written a letter to Zace complaining after we realised (the engineer) was billing us for the same services that he was billing Pinnacle Holdings for. We are investigating the matter as we are convinced he was working with some of our employees to break principles of engineering.

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“He was double dipping. We will do everything we can to recover our losses.”

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Chiyangwa is reported to have fleeced a lot of people seeking residential stands in either losing their deposits or being sold stands sold to other people.

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