TIMB boss remanded in custody over US$539k loan

TOBACCO Industry Marketing Board (TIMB) board chairperson Patrick Devenish and the organisation’s former chief executive officer Meanwell Gudu appeared at the Harare magistrates court on Saturday charged with criminal abuse of office after they extended a US$397 000 loan to a local company owned by Masuka family.

The duo was remanded in custody to today for bail application by Harare regional magistrate Sandra Mupindu.

Devenish and Gudu were arrested by the Zimbabwe Anti-Corruption Commission.

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