THE troubled Zimbabwe Engineering Company (Zeco) says flamboyant businessman Philip Chiyangwa does not own the firm. STAFF REPORTER
“Mr Chiyangwa is not the owner of Zeco. He is just one of the many shareholders in the company,” company’s lawyers said in a letter to NewsDay after the newspaper published a story last month that the company had not paid its workers since 2010.
“To cite him and associate him with the issue of Zeco is wrong and misleading,” the lawyers said. “Zeco is a public-listed company. “Its activities and issues cannot be associated with an individual.”
The lawyers also dismissed reports that Zeco workers had gone for three years without getting full salaries.
But they admitted workers were owed undisclosed amounts in unpaid salaries.
However, documents from the National Engineering Workers’ Union indicated that between February 2010 and August 2011, Zeco owed its workers a total of $59 985, 76 in unpaid salaries.
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