Bulawayo, Zimbabwe – SHENG AN Mining, a registered mining company based in Hope Fountain, Umguza, has pressed theft charges against Bulawayo businessman Mohamed Daka (47).
The charges, brought under Section 113 (1) of the Criminal Law Codification and Reform Act Chapter 9:23, stem from Daka’s alleged attempt to seize the company’s assets.
According to the complaint, Daka, in collaboration with Dumisani Dube (who has already appeared in court), conspired to take over Sheng AN Mine. This plan was despite Sheng AN Mining being a distinct entity from the now-defunct Fools Investments.
On Wednesday, Bulawayo regional magistrate Shingi Mutiro was informed that on February 3, 2022, the company officially changed its name from Fools Investments to Sheng AN Mining, as documented by the Registrar of Companies in Bulawayo. Despite this, in April 2024, the accused allegedly approached the Master of the High Court in Bulawayo, falsely placing the defunct Fools Investments under Corporate Rescue.
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Dube was appointed as the Corporate Rescue practitioner on April 24, 2024.
On May 2, 2024, Daka, who resides in Bradfield, and Dube allegedly sold an orange excavator, valued at US$281,750, to Simba Dumbura of Mutare for US$150,000. This excavator, leased to Sheng AN Mining from Rich Mark Zimbabwe, was intended to be permanently removed from the company’s control.
Police investigations led to the recovery of the stolen excavator on July 10, 2024, in Mutare. The excavator is now being used as evidence in the ongoing case. Authorities have secured acknowledgements of receipt for the cash transaction, with Daka signing as a witness. Witness statements confirm that the excavator did not belong to the defunct Fools Investments.
Magistrate Mutiro released Daka on bail, set at US$500, with conditions. Daka must remain at the address provided to the court and report to the ZRP’s Vehicle Theft Squad (VTS) twice a week.
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