Kanjee Couple’s Fraud Trial Postponed
A Zimbabwean couple is facing fraud charges for allegedly manipulating shareholdings in a family business without the consent of another director. The trial has been postponed until October 27.
Why it matters
This case illustrates legal disputes within family-owned enterprises and the importance of corporate governance and regulatory compliance.
The fraud trial involving a Belvedere-based educator and his wife who are accused of allegedly unlawfully increasing their shareholding in a family-owned property business, has been postponed to October 27.
Thakorbhai Kanjee (73) and his wife, Jaya Kanjee (71) are facing fraud charges before Harare magistrate Tapiwa Kuhudzai.
The couple is accused of fraudulently increasing their ownership in T and J Investments (Pvt) Ltd by allotting themselves additional shares without the knowledge or consent of a fellow director, Neeshta Urmila Patel.
The State, represented by Lawrence Gangarahwe alleges that the accused acted in common purpose to defraud Patel and prejudice the proper administration of the company.
During proceedings, Patel told the court that she inherited her late father’s 20-share stake in the company in 2015.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in