HARARE, May 7 (NewsDay Live) — The fraud trial of a WestRidge Primary School headmaster and his wife continued on Wednesday, with prosecutors alleging they unlawfully increased their stake in a family-owned firm.
Thakorbhai Kanjee (73) and Jaya Kanjee (71) appeared before magistrate Artwell Sanyatwe on charges of inflating their shareholding in T and J Investments (Pvt) Ltd without a co-director’s consent.
Complainant Neeshta Urmila Patel told the court the pair failed to disclose her late father’s shares to the Master of the High Court and moved to exclude her from the business.
Patel, who inherited a 20-share stake in 2015, said the accused in August 2024 proposed an equal redistribution of shares, which she rejected.
She later found a Return of Allotments (CR 11) filed with the Registrar of Companies showing the couple had each allocated themselves 10 additional shares.
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The State alleges the accused submitted a forged resolution dated August 16, 2024, falsely indicating board approval for the changes, which were subsequently processed by the Registrar.
Patel reported the matter to police after being denied access to company records, leading to the couple’s arrest last July.
Prosecutor Lawrence Gangarahwe said the accused acted in common purpose, prejudicing both the complainant and the company.
The case was remanded to May 21 for continuation of trial.