Former Zanu PF youth leader, Lewis Matutu, appeared in court on Tuesday charged with stealing shares from a local mining company, a fraud that cost them US$150,000.
Matutu appeared before Harare magistrate Isheanesu Matova and because he attended court from home, he was remanded out of custody without the need for bail.
He is accused of conniving with Blessing Kusangaya, Tafadzwa Kusangaya, Muzimba Muhamba and Chikwasha Muhamba to steal shares from Shisib Investments.
The state case is that they allegedly prepared annual returns dated April 30, 2018, which were back-dated from years 2014, 2016, 2017 and 2018 and forged signatures of both the complainant and one Lyton Shumba.
They purported that they had prepared the returns in which complainant had signed as the director, whilst Shumba had signed as the secretary.
Prosecutor Takudzwa Jambawu said “The returns were filed at registrar of companies, notifying the registrar of false information that changes had been made in terms of shareholding structure and directorship of Shusib Investments, that is to say accused persons had allotted themselves shares of the company, and were now the majority shareholders.”
“The offence came to light on September 30, 2024, when complainant was informed by the department of Parks and Wildlife that they had been instructed by accused persons to suspend all mining operations, as they had agreed as shareholders to sell the mining claim, hence the department of Parks and Wildlife was requesting for a meeting with a Shusib Investments representative.
“Also, using the illegally acquired shares accused attended an Annual General Meeting (AGM) on November 19, 2024, and removed complainant from directorship of his company, and also resolved to change the company address,” Jambawu added.
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