A Beitbridge businessman who is involved in a bitter company ownership wrangle with Home Affairs co-minister Kembo Mohadi has urged the court to expedite the liquidation of his companies to stop the Zanu PF politburo member from harassing him.
Report by Richard Muponde
Reginald McGillivray Dawson made an urgent chamber application at the Bulawayo High Court last week imploring the courts to deal with the liquidation of Red Queen (Private) (Limited) and Spoornet (Private) (Limited), which he co- owns with his wife, Susan Jane.
Dawson and his wife are the first and second applicants, while Red Queen (Pvt) (Ltd) and Spoornet (Pvt) (Ltd) are cited as the first and second respondents. The couple accused Mohadi and his business partner John Josias Moyo of taking money from the companies and depositing it in South African bank accounts.
The two were accused of using the same tactics to milk Nerry Investments where they are co-directors with Dawson. Mohadi and Moyo are not directors in the other two companies.
“What is more alarming is the fact that exactly the same illegal activities are now being employed at Red Queen Trading and at Spoornet Investments who are the 1st and 2nd respondents herein,” reads part of the application.
“Mr John Josias Moyo is himself not a man of means at all which is one of the reasons why he has so desperately sought to cling to these assets being neither a director nor shareholder nor a creditor for that matter, in either 1st or 2nd respondents.
“He simply took advantage of applicants’ good heart and charitable spirit of offering him free shares in Nerry Investments Pvt Ltd and has since allied himself with Mr Kembo Mohadi who is related to him to force us off our investments and attempt to take over operations for personal gain.”
- Chamisa under fire over US$120K donation
- Mavhunga puts DeMbare into Chibuku quarterfinals
- Pension funds bet on Cabora Bassa oilfields
- Councils defy govt fire tender directive
Keep Reading
Nerry Investments has since been placed under provisional liquidation by the High Court in Bulawayo. The matter was postponed to November 16 to allow interested parties to appear before the court to show cause why a final liquidation order should not be issued against the companies as is required by the law.
The application followed another by Nerry Investments liquidator Barbra Lunga who is seeking an order forcing Mohadi, some of his family members and business associates, to return over $340 000 they allegedly siphoned from the company. She accused Mohadi of turning the company’s bank account into a “Piggy Bank” for personal use.
