COTTCO Managers to lose property worth millions as...

COTTCO Managers to lose property worth millions as High Court okays seizure

2 Cottco bosses resign -Newsday Zimbabwe — Pious Manamike

Zim Now Writer

COTTCO Managing director, Pious Manamike, and the company’s business development manager, Maxmore Njani, will have properties worth millions seized by the Zimbabwe Anti Corruption Commission following an order by the high court to do so.

The duo have cases before the courts in which they are being accused of corruption, money laundering and corruptly concealing from their employer, personal interests in COTTCO transactions. They were arrested in June and are out on bail.

The High Court has since granted the Prosecutor-General the powers to seize property worth tens of millions of US dollars allegedly owned by Manamike and Njani.

Among the assets to be attached following the High court approval are 12 trucks valued at US$50,000 each, numerous high-end tractors, trailers and top-of-the-range vehicles which include a US$131,400 Toyota Hilux.

Njani also stands to lose large tracts of land in Mazowe, Avondale, Mt Pleasant, Glendale and Hatfield according to as court seizure released by the courts.

"Any investigating officer in the employ of ZACC and or other law enforcement officers of the law proper to the execution of warrants be and are hereby authorised to enter into the business and residential precincts of Njani, Chita One Logistics, and Square Family Trust for the purpose of identifying, seizing and securing the following property:

"A Freightliner (Argosy) Vehicle registration Number AEZ 7356, a Tanker (Trailer) Vehicle registration Number AEZ 7095, a home-made (Trailer) Vehicle registration Number AFQ 1784, a Shacman (Dump) Vehicle registration Number AFQ 0913, a Freightliner (Century) Vehicle registration Number AFJ 2963 A Shacman (Tractor) Vehicle registration Number AFJ 0908,

"A Toyota Landcruiser Vehicle registration Number AFN 4185, an International (Truck) Vehicle registration Number AEZ 7795, a Freightliner (Century Horse) Vehicle registration Number AEZ 6068, a Freightliner (Century) Vehicle registration Number AEU 3040 A Freightliner (FLD120) Vehicle registration Number ACQ 6629, a Hendred (Freuhauf) Vehicle registration Number AFJ 5933, a Torsian (Interlink Trailer) Vehicle registration Number AEZ 9623 A Shacman (Tractor) Vehicle registration Number AFQ 0909," details the list.

It further empowers the Prosecutor-General to place and register a caveat with the Registrar of Deeds in respect of the towing of more immovables:

"An undivided 14,285% share being Share No. 6 in Lot 8 of Lot 15 Block Cof Avondale measuring 2076 square metres held under deed 1874/2021, a certain piece of Land situated in the district of Mazoe Subdivision A OF Subdivision B of Ruia Ranche measuring 4, 0470 Hectares held under deed 4938/2019.

"A certain piece of Land situated in the District of Salisbury, Lot 8 of Lot 15 Block C of Avondale measuring 2076 square metres held under deed 6576/2019, a certain piece of land situated in the District of Salisbury, Remainder of Lot 1 of stand 340 of Prospect measuring 2088 square metres held under deed 5447/2018 and a certain piece of land situated in the District of Mazoe, stand 11 Glendale Township of Lot 3 of Farm 4 of Glendale measuring 4376 square metres held under deed 1560/2022."

The court order comes in the background of a statement made by President Emmerson Mnangagwa who in a speech castigated corrupt officials within Cottco saying the country would not suffer their irresponsible conduct.