HomePoliticsValcol claims loss of $30m to employment consultant

Valcol claims loss of $30m to employment consultant


Staff Writer

PROMINENT Harare employment consultant Richard Mvududu is accused of depriving his employer Valcol Group of $30 million by diverting business from the firm

to his own company.


Valcol managing director Colin Roberts has said the police appear reluctant to deal with the alleged fraud case despite the evidence provided.


Mvududu was employed by Valcol as divisional director and was dismissed in September amid allegations that he had diverted business worth $29 973 000 to Cown Consultants, a company he formed when he was still employed by Valcol.


Roberts, in documents to hand, said Mvududu was arrested on September 19 on allegations of fraud but was released the same day after the intervention of a senior police officer.


“Since we reported the crime, we do not think the case has been assigned to a senior police officer for investigation,” said Roberts.


“We have not been contacted to assist with investigation. We have waited three weeks for assistance. We do not think the accused has signed a warned and cautioned statement to date,” he said.


The documents show that Mvududu was contracted to carry out salary surveys and executive recruitments by a number of companies as director of Valcol Employment Bureau. Mvududu allegedly asked the companies to deposit money into the account of Cown Consultants which he claimed was a sister company of Valcol.


“Valcol does not have any sister companies in Harare, Zimbabwe or anywhere else in the world,” said Roberts.


Companies which allegedly paid Cown Consultants include quoted counters Dairibord, Zimnat, Trust Bank, TA Holdings, Art Corporation and PG.


The alleged fraud surfaced on September 11 after a salary survey done for Clay Products of Bulawayo. Roberts said there were “suspicious messages that were being left with Mvududu’s secretary from Clay Products”.


He said his investigations then revealed that Clay Products had paid $1,73 million into the account of Cown Consultants. Subsequent investigations revealed that Mvududu did business with a number of other companies using the same modus operandi.

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