2 Harare company directors up for US$2 million property fraud.
Two directors of a Zimbabwean company, Prime Homes Pvt Ltd, have been charged with fraud for allegedly selling company property worth $2 million using forged documents. The case involves the unauthorized liquidation of the company to facilitate the sale.
Why it matters
Corporate fraud cases highlight risks in property management and the importance of legal oversight in business liquidations.
Two directors at Prime Homes Pvt Ltd have appeared in court on allegations of selling company property valued at US$2 million using a forged board resolution.
Gerald Shupikai Mudzonga (52) and Patricia Taonesa (48) were facing fraud charges when they appeared before regional magistrate Jessie Kufa.
The two, who were released on free bail, stand accused of defrauding the company and fellow directors.
The State alleges that some time in 2025，the company bought a stand in Marlborough, measuring 14,1449 hectares and registered it under Deed of Transfer number 5994/83.
In April of the same year, the accused allegedly created a forged board resolution bearing fellow directors' signatures and backdated the document to July 16，2024，purporting to have resolved to place the company under liquidation.
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