Fidelity boss in the eye of audit storm

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Fidelity Life Assurance Ltd CE Reuben Java is in the eye of a storm after it emerged this week that he was awarded an annual bonus when he was appointed to the helm in October last year at a time the company was trading at a loss. Java also rejected a top-of-the-range vehicle, a Mercedes Benz GL, and spent US$200 000 on a Mercedes S Class.

By Melody Chikono

Informed sources at Fidelity Life told businessdigest this week that Java, who has been at the Zimbabwe Stock Exchange- listed life insurer for eight months, got a US$40 000 bonus despite the company’s poor perfomance and at the expense of other employees.

According to the sources, Java got US$200 000 cash from the company’s Medical Aid Upkeep to purchase his Mercedes S Class without following proper channels. The Medical…

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