The Zimbabwe Broadcasting Corporation (ZBC) has approached the High Court seeking an order to seize the houses owned by former top executives. The executives Happison Muchechetere, Elliot Kasu and Allan Chiweshe allegedly bought personal properties sing the company name as guarantor without permission from the board. In its court papers, ZBC says,
None of the first to the third respondents (Muchechetere, Kasu and Chiweshe) paid anything to access the housing loans. Because the investment amount ran out after financing the first to third respondents herein, the fourth beneficiary namely Tazzen Mandizvidza was only availed part of the loan amount and he had a shortfall in the sum of $112 000 which he had to fund.
The applicant having itself paid in full for the properties which were transferred to each of the respondents and which they benefitted at its expense . . . it seeks an order declaring that it is entitled to recover the properties from each of the first to third respondents and that they be ordered to deliver them through registration of transfer of title in the properties to the applicant.
The High Court of Zimbabwe is one of the Superior Courts of Zimbabwe. The High Court deals at first instance with all high value and high importance cases. It also has a supervisory jurisdiction over all subordinate courts and tribunals. Appeals from the High Court... Read More About High Court
Zimbabwe Broadcasting corporation is a state controlled broadcaster in Zimbabwe. Read More About Zimbabwe Broadcasting Corporation