HomeLocal NewsCompany seizure: Chinese couple back in court

Company seizure: Chinese couple back in court

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A Chinese couple accused of seizing a furniture company valued at over $500 000 is expected back in court today for a ruling on their application for discharge.

Regional magistrate Never Katiyo is expected to deliver the ruling.

Two weeks ago, Zhaosheng Wu, his wife Yan Yu and Dawid Johannes Erasmus, applied for acquittal at the close of the State case.

They submitted the State had failed to prove a prima facie case against them, but the State said the couple, together with an alleged accomplice, had a case to answer.

The company’s owner, Atur Fernando Pieria Dias, told the court the trio defrauded him of his company shares.

In his earlier submissions, former company secretary Erasmus told the court he had been given permission to look after the company during the time complainant Dias and his family were away in South Africa.

The Chinese couple further argued they paid Dias and had the right to be co-directors of his company.

According to the State, the couple agreed to buy Monomotapa Garden Furnishers in 2008, but after failing to pay $400 000, they allegedly got Erasmus to forge a share certificate purporting he was the director.

They then allegedly transferred 1 000 shares into their company, Shomet Industrial Development. The shares were valued at
$500 000.

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