Director abuses trust funds
10 September 2017
A HARARE businessman is at loggerheads with his partner whom he took to court for forging the signature of the other director and withdrawing trust funds for personal gain.
Gregory Ngoma, 35, co-director of Justice Legal Aid Company is also being accused of clandestinely diverting clients’ funds to operations of his private company, Vanadium.
Harare resident magistrate Lungile Ncube last week granted an interdict in favour of Farai Mushove, barring Ngoma from accessing company bank accounts to give way for an audit.
Ncube also said the interdict stays pending the determination of arbitration proceedings and criminal investigations that are underway.
In his founding affidavit, Mushove, who was represented by Paidamoyo Madondo, said he sought an interdict because Ngoma’s actions were violating the Companies Act as he withdrew money from the company’s account without his knowledge.
“I further discovered that he had clandestinely removed me as a director of the company. I asked Mr Mutovo (another director) about my shocking removal and he professed ignorance of the same and advised me that Ngoma had forged his signature,” said Mushove.
The applicant further told the magistrate that Ngoma owed him money in allowances which he did not receive from the company.
Ngoma was given up to November 2 to respond to the accusations.