Land scam costs GMB $1m

The Herald (Zimbabwe) - - National News - Anesu Madiye Her­ald RE­porter

A MEM­BER of the Grain Mar­ket­ing Board (GMB), Mr Basilio San­damu, yes­ter­day ap­peared in court for al­legedly try­ing to de­fraud the paras­tatal of $2,5 mil­lion.

GMB is be­ing rep­re­sented by Mr Ge­orge Magosvongwe, who is the chair­per­son of the GMB board of trustees.

San­damu (64), who is be­ing rep­re­sented by Mr Nor­man Mukandagumbo, ap­peared be­fore mag­is­trate Mr Nyasha Vi­torini and asked to pay $500 bail. The mat­ter was re­manded to Oc­to­ber 16.

Prose­cut­ing, Mr Se­bas­tian Mu­tizirwa al­leged that on July 7, 2002 one Korbs Mu­tandiro, who is be­ing jointly charged with San­damu and has since ap­peared in court, fraud­u­lently ac­quired 51 per­cent equity in Ro­many Farm (Pvt) Ltd from the pre­vi­ous owner, David John Shee­han, for ZW $5 mil­lion.

The land, through the Land Ac­qui­si­tion Act Chap­ter 20:10, be­longed to the State af­ter it was taken over dur­ing the Land Re­form Pro­gramme in the late 1990s.

On April 30, 2013 San­damu, act­ing in con­nivance with Mu­tandiro and Taona Mun­z­vandi, the chief ex­ec­u­tive of GMB Pen­sion Fund, who are al­ready on re­mand fac­ing sim­i­lar charges, al­legedly hatched a plan to de­fraud the State en­tity by en­ter­ing into a fraud­u­lent agree­ment to sell the farm to GMB Pen­sion Fund for $2,5 mil­lion.

The three did this with the full knowl­edge that the farm had been ac­quired by the State. Act­ing upon the mis­rep­re­sen­ta­tion, the GMB Pen­sion Fund trans­ferred $1 070 000 into Or­gans Re­sources (Pvt) Ltd’s Stan­dard Char­tered Bank ac­count. Mu­tandiro is the di­rec­tor of the com­pany and sig­na­tory to the bank ac­count.

San­damu con­nived to sell the farm when he knew that there was no cer­tifi­cate from the Min­istry of Lands, Agri­cul­ture and Ru­ral Re­set­tle­ment in­di­cat­ing that there was no present in­ter­est on the farm, which is a statu­tory re­quire­ment in the dis­posal of land ac­cord­ing to the Land Ac­qui­si­tion Act.

San­damu’s ac­tions al­legedly led to the GMB Pen­sion Fund suf­fer­ing a po­ten­tial prej­u­dice of $2,5 mil­lion and ac­tual prej­u­dice of $1 070 000 and noth­ing was re­cov­ered.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.