Breaking News

Ex-Zanu-PF MP in court over $9 000 debt

by Staff reporter
23 February 2019 | 1368 Views
Former Zanu PF Mbire legislator, David Butau and his now-defunct Dande Capital Holdings, have been taken to the High Court by a Harare man, Euvencio Musundire, who is seeking an order to compel the ex-legislator to settle a $9 000 debt on behalf of his firm.

Musundire is seeking, in terms of section 318 of the Companies Act, an order to declare that Butau, who is also a former chairman of the Parliamentary Portfolio Committee on
Budget and Finance, is personally liable for the debt entered against Dande Capital Holdings on November 21, 2018.

"This is an application in terms of section 318 of the Companies Act for an order declaring the first respondent (Butau) to be personally liable for the judgment debt against the second respondent (Dande Capital Holdings) granted by the magistrates court on November 21, 2018," Musundire said in his founding affidavit.

"On June 14, 2018, I was awarded the sum of $9 000, which was to be paid within 30 days … the said Dande Holdings did not settle the debt, prompting me to approach the Labour Court for purposes of confirming the award. The award was duly confirmed on September 26, 2018."

Musundire said he has now approached the court for recourse after realising that Butau's company was no longer operational and there is no other way for him to get his cash.




"I now wish to execute the order, but it has come to my attention that the said Dande Capital Holdings is no longer operating. It has since closed its offices, which used to be at 32 Cleveland Road, Milton Park in Harare and the company does not have any assets of value to me," he said.

According to Musundire, when he reported the matter to the Labour ministry, Butau personally undertook to settle the debt and even received correspondence on behalf of his
firm and attended the labour proceedings on its behalf.

"The second respondent's demise was clearly due to the reckless and gross negligence by the first respondent as the majority shareholder. This is because, despite having the funds, they did not pay me my dues and there were a lot of boardroom squabbles …," he said, adding that he was now jobless and has not been paid his salary arrears.

The matter is pending.

Zanu-PF Debt Court

Source: newsday

Comments

Latest News

Jah Prayzah comes through for Chimanimani victims

by Mandla Ndlovu | 19 March 2019 | 2 Views

WATCH: Mnangagwa jets in Manicaland

by Mandla Ndlovu | 19 March 2019 | 1 Views

MDC Top leader back in court over treason charges

by Mandla Ndlovu | 19 March 2019 | 1 Views

Revisiting the ZUPCO urban transportation model

by Victor Bhoroma | 19 March 2019 | 1 Views

EU gives €3.5 million to Zimbabwe, Malawi and Mozambique

by Mandla Ndlovu | 19 March 2019 | 1 Views

Tour Chimanimani with a clean intention

by John Sigauke | 19 March 2019 | 6 Views

Mnangagwa insist there was "no basis" free elections calls and rigging...

by Nomusa Garikai | 19 March 2019 | 2 Views

Stadium crisis hits Zimbabwe top-flight teams - The 2019 Zimbabwe top-...

by Staff reporter | 19 March 2019 | 3 Views

Chiwenga in Cyclone-hit Manicaland

by Staff reporter | 19 March 2019 | 9 Views

Zanu-PF youths mobilise donations for cyclone victims - The Zanu-PF Na...

by Staff reporter | 19 March 2019 | 1 Views

Heal Zimbabwe speaks on the arrest of Rashid Mahiya

by Heal Zimbabwe | 19 March 2019 | 5 Views

Latest on Shona teachers in Bulawayo

by Mandla Ndlovu | 19 March 2019 | 1 Views

PHOTOS: MDC holds business dinner

by Mandla Ndlovu | 19 March 2019 | 4 Views

Chamisa calls for international help

by ZimLive | 19 March 2019 | 3 Views

MDC told to divorce G40 members

by Mandla Ndlovu | 19 March 2019 | 6 Views

Zimbabwe military receives rare praise

by Ndou Paul | 19 March 2019 | 8 Views

Zimbabweans buried two-two per grave in Manicaland

by Mandla Ndlovu | 19 March 2019 | 10 Views

Zimbabwe's disaster response is a disaster

by newZWire | 19 March 2019 | 5 Views

Food for PFee

by Kubatana | 19 March 2019 | 8 Views

Zimbabwe cannot outsource its development - it has to fix the fundamen...

by Sally Nyakanyanga | 19 March 2019 | 4 Views

Zimbabwe to host UAE, travel to Netherlands - United Arab Emirates wil...

by Staff reporter | 19 March 2019 | 3 Views

PHOTOS: Zimbabwe Army joins the masses

by Mandla Ndlovu | 19 March 2019 | 7 Views

NMB donates to cyclone victims, facilitates public donations - NMB Ban...

by Staff reporter | 19 March 2019 | 5 Views

Cyclone Idai, let's collect for a good cause - Faced with tragedy and ...

by Thomas Murisa. | 19 March 2019 | 2 Views

Zanu-PF mocks doctors...as Cyclone Idai kills 98

by Mandla Ndlovu | 19 March 2019 | 3 Views

Entertainment

Andy Muridzo promises new album

by Simbarashe Sithole | 18 March 2019 | 223 Views

Kwejani band is back! - AFTER an eight-year hiatus, Victoria Falls' su...

by Staff reporter | 13 March 2019 | 1187 Views

Moyo revives Pantsula genre

by Staff reporter | 10 March 2019 | 389 Views

Majaivana's sad farewell

by Bruce Ndlovu | 10 March 2019 | 6430 Views

Nceku shifts base to SA

by Staff reporter | 09 March 2019 | 776 Views

Baba Harare abandoned by band members - Jit musician, Baba Harare has ...

by Staff reporter | 04 March 2019 | 2048 Views

Winky D pays the price

by Staff reporter | 03 March 2019 | 5276 Views
iBlog

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago