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High Court Allows Seizure Of COTTCO Boss’ Property Worth Millions Of USD

1 year agoThu, 08 Dec 2022 06:53:51 GMT
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High Court Allows Seizure Of COTTCO Boss’ Property Worth Millions Of USD

The High Court has granted the Prosecutor General approval to seize properties allegedly owned by the Cotton Company of Zimbabwe’s (COTTCO) corruption-accused boss.

The property, worth millions of US dollars, belongs to COTTCO marketing and business development manager Maxmore Njani.

The seizure is meant to preserve the property from dissipation or alienation during investigations.

Njani was arrested on corruption charges in June this year together with company managing director Pious Manamike.

The duo was granted bail pending trial.

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According to the court seizure order, Njani is being investigated for money laundering and corruptly concealing from his employer, personal interests in COTTCO transactions.

The order, which is directed to the Zimbabwe Anti-Corruption Commission (ZACC), reads in part:

Any investigating officer in the employ of ZACC and or other law enforcement officers of the law proper to the execution of warrants be and are hereby authorised to enter into the business and residential precincts of Njani, Chita One Logistics, and Square Family Trust for the purpose of identifying, seizing and securing the following property:

A Freightliner (Argosy) Vehicle registration Number AEZ 7356, a Tanker (Trailer) Vehicle registration Number AEZ 7095, a home-made (Trailer) Vehicle registration Number AFQ 1784, a Shacman (Dump) Vehicle registration Number AFQ 0913, a Freightliner (Century) Vehicle registration Number AFJ 2963 A Shacman (Tractor) Vehicle registration Number AFJ 0908, A Toyota Landcruiser Vehicle registration Number AFN 4185, an International (Truck) Vehicle registration Number AEZ 7795, a Freightliner (Century Horse) Vehicle registration Number AEZ 6068, a Freightliner (Century) Vehicle registration Number AEU 3040 A Freightliner (FLD120) Vehicle registration Number ACQ 6629, a Hendred (Freuhauf) Vehicle registration Number AFJ 5933, a Torsian (Interlink Trailer) Vehicle registration Number AEZ 9623 A Shacman (Tractor) Vehicle registration Number AFQ 0909.

Njanji is reportedly eyeing the Mazowe Central seat in Parliament on a ZANU PF ticket. | NewZimbabwe.com

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