By Correspondent
Sources close to Presidential investment advisor Paul Tungwarara have dismissed as political machinations accusations that he swindled foreign investors in the US$500 million Cyber City Project in Harare.
They said the businessman is a victim of politicians and businessman uncomfortable with his recent rise and proximity to the presidium.
“Tungwarara is a reputable business person whose path to succes is definable and clear.
“The Cyber City Project has been done transparently and is an opportunity to add value to the capital of the country.
Norton legislator and former partner of Tungwarara, Temba Mliswa echoed the same sentiments in a social media post.
“It’s unfortunate that we cannot even accept and applaud when one of our own is rising.
“Businessman Paul Tungwarara has been leading some infrastructure initiatives at Cyber City in Harare quietly and now that the initiative is taking shape suddenly people are peddling a lot of stories.
“Why can’t we stomach the success of one of our own?
“Tungwarara is one reputable person I have previously worked with at Salt Lakes Holdings.
“We were also together at the Shamuyarira Farm effectively turning it around and soon we shall be having a field day there.
“It seems there will always be people who are jealous when they see someone they grew up with being successful,” he said.
Cyber City Project
Tungwarara has been working with billionaire investors on the construction and surfacing of roads at the multi-million dollar Cyber City in Harare.
He has however been accused of defrauding seven businessmen of US$2 million and naming President Emmerson Mnangagwa as his protector.
The project, estimated at US$500 million, is an investment by the United Arab Emirates based investor, Mulk International.
It covers 2,5 million square meters of land, will include 250 townhouses and more than 80 luxury villas.
There will also be a number of apartment blocks, high-tech office facilities, a 15-storey commercial tower and landscaped gardens-all within a gated community.