Connect with us

Hi, what are you looking for?

LOCAL NEWS

Francesco Marconati Found Guilty of Fraud for Illegally Removing Partner from Company

Francesco Marconati, a businesswoman from Marondera, has been convicted of fraud and forgery after unlawfully removing his business partner, Li Song, from the directorship of Eagle Italian Shoes (Pvt) Ltd.

Marconati appeared before Magistrate Donald Ndirowei, who found him guilty on two counts of fraud. According to Ndirowei’s ruling, Marconati improperly removed Li Song from her position as director and also removed Agrilink as the company secretary by falsifying documents that falsely indicated their resignation.

The State, represented by Anesu Chirenji, demonstrated that Marconati provided false information to the Company Registrar, claiming that Song had resigned when she had not.

Also read: Armed Gang Drops President Mnangagwa Son’s Name in Mining Extortion Racket

It was revealed that on October 14, 2021, Marconati submitted a fraudulent CR6 form to Ecobank and First Capital Bank, removing Li Song as a director and signatory of the company accounts and replacing her with his son, Alessandaro Marconati. This CR6 form was never filed with the Registrar.

Advertisement. Scroll to continue reading.

Marconati failed to follow proper procedures, such as conducting a general or shareholders’ meeting, and did not inform Li Song of these changes. He later appointed his son Alessandro Marconati as a director in December 2022 through a second forged CR6 form.

Subsequently, Marconati and his son forged a third CR6 form in 2023 to appoint Kutaura Bond as an additional director. Due to these fraudulent activities, the company lost 6.8 million United States Dollars.

Magistrate Ndirowei noted that the company secretary was not informed of these changes, and no resignation letter from Song was submitted, nor were any meetings conducted to approve these actions.

Ndirowei concluded that the accused was guilty as charged. Marconati was released into the custody of his lawyer and was remanded until next Tuesday for a pre-sentencing inquiry.

For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606 or Email Us at [email protected]

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

LOCAL NEWS

Marondera businessman Francesco Marconati has been sentenced to two years in prison after being found guilty of fraudulently removing his business partner from the...

LOCAL NEWS

Convicted businessman Francesco Marconati is scheduled to return to court today for sentencing following his pre-sentence hearing last Friday. Marconati, who had a warrant...

LOCAL NEWS

Francesco Marconati, self-proclaimed leader of an Italian criminal syndicate, has gained notoriety for his involvement with Queens Mine, where his malevolent deeds have left...

Advertisement