Government embroiled in Trek Petroleum ownership fight

Source: Government embroiled in Trek Petroleum ownership fight | Financial Gazette (News)

A MAJOR shareholder in Chaparrel Trading, a petroleum retail company operating the Trek Petroleum brand, has challenged government’s takeover of the company in the High Court, alleging the transaction was irregular, fraudulent and violated the proprietor’s rights.

Energy and Power Development Minister, Simon Khaya Moyo, told Parliament early this month that government had bought the firm through the National Oil & Infrastructure Company of Zimbabwe (NOIC).

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