Cottco hunts for new MD

COTTCO Holdings (Cottco) is hunting for a new managing director to replace Pious Manamike, who resigned last month together with the company’s marketing and business development manager Maxmore Njanji after they were accused of corruption.

This comes amid on-going court proceedings where the duo faces abuse of office charges and accusations of siphoning millions of United States dollars from the firm.

Allegations are that they used their own trucks to distribute inputs from the company’s depots dotted around the country without their employer’s knowledge.

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