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Tendai Rupapa
Senior Reporter
A judicial manager of a mining company allegedly sold the exclusive mining rights of that company three times between October and December last year causing one company to lose US$260 000.
Cecil Madondo, the managing director of Tudor House Consultants (Pvt) Ltd, had been appointed by the High Court as corporate rescue practitioner of Redwing Mine in Penhalonga, Mutare when he allegedly sold the mining rights three times.
He was not asked to plead to the charges when he appeared before Harare magistrate Mr Ngoni Nduna who remanded him in custody to today for continuation of bail application.
He is being represented by Mr Reuben Mukavhi.
On October 15 last year, Madondo told Patricia Mutombgwera and Grant Chitate that he had given their company Probadeck Investments Pvt Ltd exclusive mining rights in respect of claims held by Redwing Mining Company Pvt Ltd covering 132 gold mining blocks, eight copper mining blocks and any other mining claims belonging to Redwing Mine.
On October 30 last year, it is alleged, Mutombgwera and Chitate acting upon that information signed a joint venture relationship agreement with the mining company represented by Madondo believing that their company had secured exclusive mining rights. Both parties went on to register a tribute agreement with the registrar of deeds to operationalise their joint venture agreement.
According to the State, as result of Madondo’s actions, Probadeck lost US$260 000.
Mrs Tinashe Makiya and Mrs Netsai Mushayabasa prosecuted.
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