By staff reporter
The headmaster of West Ridge Primary School and his wife who is facing allegations of fraud involving the unauthorized inflation of shares within a family-owned business prejudicing the complainant has admitted illegally sidelining the complainant in their decision.
Thakorbhai Kanjee (73) and Jaya Kanjee (71) who are appearing before Magistrate Artwell Sanyatwe, facing fraud charges are being represented by Paidamoyo Brian Saurombe.
The state alleges that the pair illegally increased their ownership in T and J Investments (Pvt) Ltd by assigning themselves extra shares without the knowledge or approval of a fellow director.
Saurombe cross examined the complainant Neeshta Urmila Patel, on the document that forms of the resolution that formed the bases of the allegations, the complainant told court that she was not present on the meeting of directors to effect the resolution and her signature was also not on the resolution done by the accused persons.
Patel told court that the accused persons went on to effect changes despite her part was unsigned.
She said the accused persons alleged all directors signed saying that they lied because she did not agree with them on the dispute.
Last week, Patel took the stand to describe how her uncle and aunt allegedly usurped control of the family real estate business.
Patel, who inherited her late father’s 20-share stake in 2015, testified that the accused approached her in August 2024 with a proposal to redistribute company shares equally.
Despite her refusal to sign the resolution, Patel later discovered a filed Return of Allotments (CR 11) showing the pair had granted themselves 10 additional shares each.
After being blocked from viewing company records at the Registrar’s office, she turned to the police, resulting in their arrest last July.
The State represented by Lawrence Gangarahwe alleges that the couple acted in common purpose to defraud Patel.
The State alleges that on August 16, 2024, the pair submitted a forged resolution to the Registrar of Companies, purporting that it had been approved by all directors to alter the company’s shareholding structure.
Acting on this alleged misrepresentation, the Registrar processed the changes, resulting in each of the accused gaining 10 additional shares without Patel’s knowledge or consent.
It is the State’s case that these actions prejudiced the proper administration of the company.
