Exposed Chivayo refusing with Intratek documents

By Daniel Chigundu

Lavish self-styled businessman Wicknell Chivayo affectionately known as “Sir Wicknell” on social media platforms is reportedly refusing to surrender Intratek Zimbabwe Private Limited documents after ceding his 50% shareholding, Parliament heard.

Chivayo reportedly borrowed some money on the understanding that he would cede his 50% shareholding in Intratek Zimbabwe to a company called Intermillion Investments which he did in 2014.

Giving oral evidence to the Parliamentary Portfolio Committee on Mines and Energy, Bruce Tokwe who is a lawyer to other Intratek Zimbabwe shareholders said Chivayo ceased to be a shareholder of the company in 2014 but is unwilling to surrender the company documents to enable restructuring of the board and management.

“There is need to restructure the board and management of Intratek Zimbabwe Private Limited to make sure there is progress on these projects of national importance. We have tried to engage Mr Chivayo here to get some documents, in fact, we have asked the same questions that you are asking in this august house as to what could have happened to the monies etc and even the shareholders themselves are none the wiser.

IMG_0486
Intratek Zimbabwe shareholders lawyer Bruce Tokwe

“We have even approached ZPC and have written several correspondences saying can you please assist us with these things so that we can get this project on track because the people who were the principal funders in the first place need to come in and make sure that there is progress and of course we have not registered any luck that side,” he said.

Intratek Zimbabwe won the tender to build a 100MW solar power station in Gwanda in 2015, and despite getting part payment for the project, there is nothing to show for it on the ground prompting ZPC to move to the site with intentions to take-over the project.

Asked why the shareholders of Intratek have been quiet when Chivayo has been parading himself in and outside the country as a shareholder, Tokwe said they have been working on the issue and now that there is a new dispensation there is increased hope they will at least get traction.

“If I show you my file, we have literary been working on this and this alone to try and address that. You see it’s only now that the shareholders have decided that they can have some traction in terms of restructuring management and the board of Intratek Zimbabwe private limited.

“It is also because the dynamics have changed and it is true that the dynamics have changed now and you see the shareholders that we are talking about here are business people with several mandates, in different areas of business and they normally shy away from fights that then escalate out of the boardroom.

“But we feel that now we can enjoy some traction because of obviously the new dispensation so to speak,” he said.

Quizzed on whether there was a use of political influence by Chivayo, Tokwe declined to comment adding that “I can only mention that obviously the same way that the new dispensation has given new hope to a lot of people, the same has applied to the shareholders Intratek Zimbabwe Pvt Ltd,” he said.

Meanwhile, Tokwe has told Parliament that Intratek Zimbabwe shareholders are prepared to fund most positions that seems controversial in the Gwanda project and that they are even read to commence the project.

“Intratek Zimbabwe is very much prepared to fund most of the position that were seemed to be controversial at the moment, as a matter of fact they indicated that I make it categorically clear that they will mobilise and ensure that this project is up and running as quickly as possible as a matter of fact they got the equipment.

“They have everything that can be on the ground within a week as long as they understand of course and I know that this is an issue that got more to do with the company than anything else.

“…They are taking action and this action is in the form of restructuring this board and management and they are mobilising on the ground and are more than happy to pump out these monies that are required since they are the principal funders in the first place for Intratek Zimbabwe,” he said.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s