Cecil Madondo

Judicial manager Cecil Madondo, who is facing allegations of selling the same exclusive mining rights three times between October and December last year, causing one company to lose US$260 000, tested freedom after the High Court released…
Read More...

Shareholders of Mutare-based gold producer Redwing, are challenging the validity of Probadek Investments’ joint venture agreement with the mine’s judicial manager Mr. Cecil Madondo, whom it has accused of fraud.
Read More...

Judicial manager Cecil Madondo will have to wait a little longer before his appeal for bail pending trial is decided after a High Court judge, sitting in the bail court this week, recused himself from hearing the case.
Read More...

The Zimbabwe Asset Management Company (Zamco) says it is ready to disburse a $5 million recapitalisation facility to Merlin once the company is handed over to its shareholders by the judicial manager.
Read More...

The Supreme Court has abandoned an appeal by Merlin Limited judicial manager, Mr Cecil Madondo, against a High Court ruling after he failed to follow it up within the specified timeframe.
Read More...

Merlin Limited judicial manager, Mr Cecil Madondo, has appealed to the Supreme Court challenging a recent High Court judgment in which his firm was declared as fictitious and non-existent.
Read More...

Textile giant Merlin, which is under resuscitation, has secured a contract to dye 306 tonnes of yarn from a local company.The Bulawayo-based firm, which was placed under judicial management in 2012, is re-opening after one of its creditors…
Read More...

Bulawayo based textile firm, Merlin will later this year apply for removal from judicial management once an agreement with an unnamed institutional investor for $30 million capital outlay is reached.The company, which is one of the city’s…
Read More...

HARARE - Royal Bank Zimbabwe Limited directors could face prosecution after the defunct institution’s creditors on Wednesday approved a plan to institute legal proceedings against the ex-board for abusing depositors’ funds.
Read More...

Zimbabwe's judicial system is currently overwhelmed by banking sector lawsuits pitting financial institutions and clients who may easily settle matters amicably before approaching the courts, Master of High Court Eldard Mutasa has said.
Read More...