Farmer loses $3m to brother

A TOBACCO farmer has dragged his brother and business partner to the High Court for allegedly stealing US$3 million from his sales account with Tian Ze Zimbabwe.

In summons filed at the High Court, Stanely Masaiti listed his brother Daniel Masaiti and his company Danchip Enterprises as respondents.

The plaintiff’s (Stanely) claim arose from the unsanctioned withdrawal and diversion of funds from his tobacco sales account with Tian Ze into the defendant’s CBZ bank accounts between 2009 and 2016 amounting to US$3 179 851, 32.

The nature of the claim is that in 2002 Stanely was allocated plot 1-3 of Currithvale Farm and in 2004 the land committee recommended that he be allocated Membwe Farm.

At that time, Stanely was running his farming business and invited Daniel, a former teacher and brother, to come and assist him with bookkeeping issues, payment of workers and payment of service providers.

The arrangement was that Stanely would assist Daniel to get medical attention, who at that time was suffering from a leg problem.

“For all intents and purposes the first defendant was working for the plaintiff and as his young brother, plaintiff would compensate him by buying him assets and gave him 
$80 000 for construction of his Marondera home, $40 000 to boost stocks in his business and $50 000 to buy a building for Chikaidos,” read the summons.
Stanely specifically purchased a Toyota Fortuner, Isuzu truck and Range Rover sport.

Stanely had authorised his brother to use his MBCA bank account for his farming business and had entered contracts with Tian Ze and also government’s Command Agriculture programme. 

According to the summons, in 2018 Stanely discovered through a forensic audit that substantial amounts were diverted from his tobacco sales account with Tian Ze into Daniel’s CBZ bank accounts.

There was allegedly no basis for Daniel and his company to engage in such transactions which were prejudicial to Stanely.


 

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