The Zimbabwe Stock Exchange (ZSE) has filed an application at the High Court seeking to recover the organisation’s property from former chief executive officer, Alban Chirume. Chirume was fired from the ZSE in June this year but has reportedly refused to hand over a Mercedes Benz E300, laptop probook 450, iPad and other business tools.
In her founding affidavit ZSE board chairperson Caroline Sandura said:
It is common cause that even before his dismissal when he was instructed to surrender the company assets, the respondent (Chirume) intimated his refusal to return the assets and has insisted to hold on to them against the decision of the applicant (ZSE) to date.
It is therefore clear that despite demand by the applicant and despite being liable to, the respondent has refused to return the said company properties which rightfully belong to the applicant and for which he no longer has the right to use.
The matter is yet to be set down for hearing.