Dantor brought Ghanaian investors

HARARE - Dantor Investments (Private) Limited (Dantor), a company allegedly accused of riding on ex-Zimbabwe Mining Development Corporation (ZMDC) chairperson Goodwills Masimirembwa’s coattails, was actually the one which brought Ghanaian investor William Atto Essien to Zimbabwe.

This comes as a number of official and independent probes into the Gye Nyame Resources (GNR) saga have portrayed a picture that Itayi Munyeza, and Blessmore Chanakira’s investment vehicle had only played a bit-part, if not peripheral, role in Bill Minerals (Bill)’s investment in the country.

“…the Ministry of Mines and Mining Development has, with effect from 22nd November 2011 authorised ZMDC to proceed and establish a joint venture Company with Bill… in the development, and processing of rough diamonds in the Marange diamond fields,” Samson Siziba, the acting ZMDC general manager, said in a November 24, 2011 letter jointly addressed to Essien and Munyeza.

“The joint venture partnership, is therefore authorised to work on Block G (3630ha) located on the extreme portion of Special Grant No 5244,” he added.

The letter was also copied to police assistant commissioners — probably representing security interests in the diamond miner — Mekia Tanyanyiwa and Grace Ndebele.

And as the GNR debacle continues to unravel, it has also emerged that it was Munyeza and his partners who had actually provided at least six key properties as security for $10 million loans from Ecobank Zimbabwe, and Metbank Limited.

Efforts to secure comment from Dantor were unsuccessful this week.

In the meantime, Munyeza’s partnership with the Ghanaians started off in a money-lending business First Capital Plus (FCP) and later extending to the diamond venture.

While the Dantor group was subsequently “muscled out” of the diamond business by Essien and company, it has also emerged that GNR’s problems started when the Ghanaians decided to dabble in illegal gold and diamond dealing in Zimbabwe.

And as Essien’s investment partner Kingsley Atta Ghansah was handed a five-year sentence, and conviction for bullion trading, new information indicates that the self-styled tycoon also shared directorships with his disgraced compatriot in companies, including Pro-Lion Mining & Milling (Private) Limited.

According to a company registry form seen by the Daily News this week, the West African businessmen even shared the same residential address given as 674 Glen Robin Close, Glen Lorne — meaning the former could have been well aware of Ghansah’s nefarious activities.

Apart from the runaway Ghansah, Essien’s half-brother Eric Osei also played a crucial part in the Ghanaians’ operations here.

 

Comments (3)

Zimbabwe in its current form cannot attract genuine investors. We have managed to attract many criminals whose mission is to siphon as much as they can out of the country before transparency is restored in the country.

Feldman Bandura - 26 February 2014

If Essien really committed a crime why can't we request Ghana or Interpol to arrest him for us ?

taurai - 26 February 2014

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