Company director hauled to court

HARARE - Co-director of Shortpage Trading, Warren Wasmuth, 41, on Friday appeared in court facing charges of theft of trust property after he allegedly used company funds to buy himself personal vehicles.

Wasmuth allegedly advanced himself loans and bought cars worth $96 097,60 after telling his business partner that the company was not realising much profits.

Prosecutor George Manokore said Wasmuth served as the executive director of Shortpage while Dean Harrison was a non-executive director when they formed the company which is in the business of selling and importing motor bike parts.

The court heard between December 2012 to April 2013, Wasmuth allegedly advanced himself personal loans and went on to buy vehicles worth $96 097,60 without his partners’ knowledge while saying the business was not realising any profits.

Wasmuth’s business partner queried the reports and decided to have the company books audited by one Allan Macsween who discovered the offence.

Magistrate Marehwanazvo Gofa released Wasmuth on $300 bail.

 

Comments (1)

On 19 November 2015 in the High Court of Zimbabwe Warren Wasmuth was found NOT GUILTY! The prosecutor conceded that the case was based on a questionable audit report by an interested party. The charges were as baseless and inaccurate as the above article. This can only be explained as an attempt at a hostile take-over! The above article was published in an attempt to discredit myself. Luckily the community is wise to this sort of action and and it did not achieve the desired effect. It never ceases to amaze me of the lengths people will go through for a dollar?? #justiceprevails

Warren Wasmuth - 20 November 2015

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