Gwaradzimba Exposed in a Money-laundering Racket in Zambia

It has just been established that Gwaradzimba defrauded TAP Building Products Limited (TAP), of $345,829.98 after causing AMG Global Chartered Accountants (Zambia)(“AMG Zambia”), a company incorporated in terms of the laws of Zambia, to issue a fraudulent invoice in the local currency when there existed no relationship between TAP and the invoicer, AMG Zambia.

In response to Mr. Mpasiri, a director of TAP, Mr. Friday Nyambe, the Managing Partner, of AMG Zambia, stated falsely as follows:

On 8 March 2006, Gwaradzimba wrote a letter to the Master of the High Court in Zimbabwe which he signed falsely representing that AMG Zambia was lawfully entitled to charging fees to TAP, a Zimbabwean company, in terms of the provisions of the Reconstruction Laws of Zimbabwe. This fraudulent is as set out below:

Below is the false invoice made in the name of AMG Global to TAP which was duly paid. The proceeds were then made to Gwaradzimba to pay for his personal expenses including paying for school fees for his children in Australia.

Gwaradzimba then caused AMG Global Zambia to fraudulently invoice TAP as follows:

Gwaradzimba pocketed the proceeds and got away with it. Mr, Nyambe has now been exposed and his defense is that he knew nothing but was used by Gwaradzimba to externalize the funds his company obtained fraudulently from TAP.

Notwithstanding the fraud, Mr. Nyambe claims that his company owes nothing in relation to the theft of funds using the Zimbabwean law as the pretext for the cross-border theft.

As background, Gwaradzimba, following his appointment as Administrator by Chinamasa in 2004, engaged the services of Manikai of DMH Attorneys to invade the Zambian jurisdiction alleging that TAP should be deemed to fall under the Mawere companies and as such wherever Mawere’s name was involved he claimed that he should be the replacement although he knew that SMM had no shareholding relationship.

Manika then through Dr. Gono who introduced him to the late Governor of the Central Bank of Zambia, Mr. David Phiri, convinced Phiri who was the Chairman of TAP having been appointed by Mawere that all Mawere’s worldwide assets were now the property of the government of Zimbabwe.

DMH using Mr. Michael Mundashi, a Zambian lawyer, sought and obtained a judgment tainted by fraud to the effect that TAP should be deemed to a company that fell under Gwaradzimba.

Armed with this order, the same day the judgment was granted in Zambia, Gwaradzimba dismissed the lawful board of TAP and replaced it with Manikai and others.

The shareholding of TAP per records kept at the Companies House remained the same but nevertheless, Gwaradzimba had invaded Zambia and wrote his own law allowing him to siphon funds from TAP using his proxies like Mr. Nyambe.

Incidentally, the firm MMLP also got away with $127,346.10 in this unprecedented heist using public power.

At the time of writing this piece, Mr. Nyambe refused to take the call of the writer claiming he was in an important meeting.