Zim Now Reporter
Two men conspired to steal a mine and sold off its excavator after placing a defunct company under corporate rescue.
Bulawayo-based businessman Mohamed Daka appeared in court facing charges of trying to seize control of a mine in Matabeleland North’s Umguza district and selling its excavator illegally.
Daka stands accused of conspiring with Dumisani Dube to take over Sheng An Mining.
The state alleges that on February 3, 2022, the complainant changed its name from Fools Investments to Sheng AN Mining, as recorded by the Registrar of Companies.
Daka allegedly approached the Master of the High Court in Bulawayo in April 2024 and falsely placed the defunct Fools Investments under corporate rescue and Dube was appointed as the corporate rescue practitioner.
On May 2, 2024 the pair allegedly sold an excavator, valued at US$281,750, to Simba Dumbura of Mutare for US$150,000.
The excavator had been leased to Sheng AN Mining from Rich Mark Zimbabwe.
Police investigations led to the recovery of the stolen excavator on July 10, 2024, in Mutare and the state has provided acknowledgments of receipt for the cash transaction signed by Daka. Daka was released on US$500 bail
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