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Eagle Italian Leather Products Loses US$200 000 To Fraudster

Eagle Italian Leather Products Loses US$200 000 To Fraudster

A 68-year-old Marondera man appeared in court on allegations of defrauding Eagle Italian Leather Products (Private) Limited of US$200 000.

Godfrey Gonese was facing fraud charges when he appeared before Harare magistrate Mr Ignatio Mhene who remanded the matter to August 16 for trial.

Allegations

1). In September 1996, Lowveld Leather Products (Private) Limited purchased two pieces of land called Mlanje of Roraima and Clifton of Roraima.

2). In September 1997, Lowveld Leather Products (Private) Limited obtained a loan of US$300 000.00 from International Finance Cooperation and used the two pieces of land as collateral security but failed to pay back the loan.

3). In a bid to service the loan, Lowveld Leather Products then engaged an investor, Fransesco Marconati a director of Eagle Italian Leather Products (Private) Limited as an investor.

4). On July 6 2001, the two pieces of land (Mlanje of Roraima and Clifton of Roraima) were gazetted and acquired by the Government under the land reform programme under Government Gazette 330A/272-273.

5). In 2003, International Finance Cooperation (who had given the loan) obtained a High Court order against Lowveld Leather Products (Private) Limited to recover the loan arrears of US$200 000.

6). The High Court ordered both movable and immovable assets be sold to Fransesco Marconati, the director of Eagle Italian Leather Products (Private) Limited.

7). In 2003, Marconati purchased movable assets and later bought the immovable assets. Eagle Italian Leather Products started operating.

8). On July 11, 2014, Eagle Italian Leather Products (Private) Limited obtained a ten-year lease for the two Mlanje and Clifton of Roraima farms.

9). On March 22, 2019, Gonese allegedly misrepresented to the office of the Registrar of Companies, Bulawayo that directors of Lowveld Leather Products (Private) Limited had resigned from the company. He edited documents to reflect that there were new directors and secretaries.

10). Gonese also changed the CR2 (return of allotments) of the company making him the major shareholder with 1999 shares.

11). On March 22, 2019, the High Court Order declared that Mlanje and Clifton of Roraima belonged to Gonese. This was after he had presented the court with the fraudulently obtained company documents that made him the director of Lowveld Leather Products (Private) Limited.

He, therefore, caused Eagle Italian Leather Products (Private) Limited to suffer a potential “prejudice of US$200 000.”

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2 Comments

5WH 2 weeks ago

Was the fraudster previously employed by the Italian leather company? How did he obtain such info? Mmmm ya saka vamwe vakatanga kare ku gwavhangwavha shuwa.



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