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Nimekutana nayo hii kule Daily News:
Source:
By: FAUSTINE KAPAMA
Daily News; Monday,October 27, 2008
Hearing of a 3bn/- suit against a prohibited immigrant, Vidyadhar Chavda, filed in court 14 years ago is still dragging on, the 'Daily News' has learnt. The case was lodged in the High Court by Chavdas brother, Mr Pravinchandra Girdharlal, on June 15, 1994, accusing his young brother, a businessman of Asian decent, of fraudulent misuse, misappropriation and embezzlement of funds.
Chavda senior also accuses his young brother of fraudulent sale or transfer of shares of their four companies from January 1992 to 1994. The case was mentioned before Judge Iman Aboud on Thursday last week. In the last court session neither Chavda Junior nor his advocate from Law Associates attended. It was not known whether the prominent businessman was in the country or not.
Counsel for Chavda Senior, Mr Fazleali Adamjee and Mr Dominick Daniel, who attended the session requested for hearing date of an application in which they are seeking permission to file a notice of preliminary objection. In the objection, the advocates said, they want to challenge the written statement of defence by Mkono and Company Advocates on behalf of Chavda Junior.
The advocates said Mkono and Company Advocates was incompetent because they once arbitrated in the earlier proceedings between the parties involving issues which were the subject of the pending litigation. Judge Aboud set the hearing of the application on April 16, next year, saying she could not accommodate the parties on an earlier date because her diary was full.
In August 1991, four companies in which the two Chavda brothers are shareholders and directors allegedly applied for and obtained approvals for Debt Conversion Programme (DCP) from the Debt Conversion Committee of the Bank of Tanzania. The companies with amount in US dollars obtained in brackets are Makinyumbi Estate Limited (930,735), Centrepoint Investments Limited (923,000), Tanfarms Limited (515,675) and Arusha Farms Limited (860,000).
In February 1992, without the knowledge, consent and authority of his brother, Chavda Junior allegedly purchased debts under the said approvals from foreign organizations and executed deeds of assignments. Furthermore, Chavda Junior also allegedly completed all procedural transactions to enable the Bank of Tanzania to released debt conversion programme proceeds to the said companies of 3,190,664.87 US dollars out of approved 3,229,410 dollars.
Source:
By: FAUSTINE KAPAMA
Daily News; Monday,October 27, 2008