Liquidator under fire over missing US$ 70K

A HARARE liquidator has been given a 14-day ultimatum by the Master of the High Court to account for US$70 000 cash he received from the sale of the farm belonging to a company under liquidation.

Cecil Madondo (60), the managing director of Tudor House Consultants (Pvt) Ltd, has so far been unable to account to two shareholders of Kunganda Farm (Private) Limited for the money he received in 2019.

Madondo was appointed liquidator of Kunganda Farm (Private) Limited and that meant he had to sell the farm, among any other assets. He received US$70 000 as part of the US$180 000 purchase price of the farm. Shareholders Ms Judith Senior Maswela and Ms Mwami Siamsipa challenged Mr Madondo to account for the money, but the Master of the High Court initially sided with the liquidator and threw out the complaints.

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Workmen construct the wall of Lake Gwayi Shangani yesterday . A 245km pipeline is being laid to end Bulawayo’ s perennial water woes.— Picture: Eliah Saushoma