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Labrish
Nyuuz
Court rips apart Buyanga fraud web
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[QUOTE="Munyaradzi Mafaro, post: 66522, member: 636"] A High Court judge voided property transactions tied to businessman Frank Buyanga after finding he used forged papers to steal real estate. Justice Gladys Mhuri ordered ownership of Stand 1860 Marlborough Township returned to Sagnol International following a scheme that began with an illegal loan in 2008. David Muchinguri borrowed $20,000 from Zimcor Trustees, an unregistered lender, then created a fake sale of company shares to hide the arrangement. Buyanga exploited that sham contract to manufacture documents and transfer the property to Cont River Investment. Mhuri rejected arguments that time limits barred the case, saying fraud remains a legal nullity regardless of when victims discover it. The Registrar of Deeds must reverse the transfer, and Buyanga and his co-defendants must cover all costs. The businessman declined to contest the allegations in court. Legal analysts noted the ruling confirms that elaborate deception carries no weight before judges who carefully examine evidence. [/QUOTE]
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Nyuuz
Court rips apart Buyanga fraud web
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