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Moyo reveals why ED fired Chasi

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Exiled former Minister of Higher and Tertiary Education, Professor Jonathan Moyo has claimed that Minister of energy and power development Fortune Chasi was dismissed for ordering an investigation and attempting to stop a US$1.2 billion deal.

On Friday, Mnangagwa fired Chasi as the Minister and replaced him with Muzarabani North Zanu PF legislator Soda Zhemu.

According to the dismissal statement he was fired on his conduct of business which had become incompatible with the Presidents expectations.

However , Prof Jonathan alleged that he was dismissed for attempting to stop the US$1.2 billion Sotic international deal after finding out.

Jonathan Moyo tweeted the claims in a series of twitter posts on Sunday.

“In May 2019 Mnangagwa and SB Moyo stole USD 1,2 billion disguised as a State loan from SOTIC INTERNATIONAL, fronted by Kuda Tagwirei. The theft was structured by SB, using NOIC assets as mortgage. Chasi found out, tried to reverse it and got fired yesterday.”

Some reports claimed that he was fired because his squabbles with ZESA chair Sydney Gata , Jonathan Moyo dismissed the Gata issue.

“So, Fortune Chasi was fired not because of #Zesa affairs but because his conduct in investigating & seeking to cancel the USD 1,2 billion SOTIC deal at NOIC is INCOMPATIBLE with Mnangagwa’s EXPECTATIONS as a beneficiary of the SOTIC deal along with SB Moyo & Kuda Tagwirei!

“Criminally, the SOTIC USD 1,2 billion was structured by @MinisterSBMoyo, who got USD 12 million for “structuring it”; and it was sent to #NOIC after it had already been approved by @edmnangagwa, @FinanceZim & @ReserveBankZIM; with USD 1,2 billion paid to

“Either bravely or naively, after his investigation, @fortunechasi sought an alternative to the SOTIC deal & negotiated it with GLENCORE. But no alternative was possible to implement; without costing SOTIC its USD 12 million a month or refunding the USD 1,2 billion advance!” Prof Moyo said.

Staff Writer

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