Borrowdale Brooke Father Dragged to Court by His Own Son for Allegedly Swindling US$250K

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Borrowdale Brooke Father Dragged to Court by His Own Son for Allegedly Swindling US$250K

Borrowdale Brooke Father Dragged to Court by His Own Son for Allegedly Swindling US$250K

An 86-year-old father from Borrowdale Brooke has been dragged to court by his own son for allegedly misappropriating US$250K from Lakeland Ventures, a company he once co-owned with his late ex-wife.

A Web of Intrigue & Misrepresentation and Fraudulent Transfer

Borrowdale Father Dragged to Court by His Own Son for Allegedly Swindling US$250K

Graham Garnet Metcalf, a former director of Lakeland Ventures (Pvt) Ltd, appeared in court this week. He faced charges of fraudulently transferring ownership of a property belonging to the company. In 1997, Lakeland Ventures (Pvt) Ltd, represented by Noreece, acquired Dandaro Village in Borrowdale, Harare, from Wenham Investments (Pvt) Ltd for US$1 million. However, in 2005, Metcalf allegedly misrepresented that he had bought Dandaro Village. He then fraudulently caused the property to be transferred to his name. Metcalf was later dismissed from Lakeland Ventures through a resolution at an annual general meeting on May 18, 2008.

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Ownership Shifts and a Tragic Twist

Following Metcalf’s dismissal, Noreece donated her shares to her son, Gregory Hall, who became the major shareholder. Tragically, Noreece passed away on November 3, 2010, while still a director of the company.

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In other news, Former Deputy Minister Bright Matonga has been released on a US$600 bail by the Chegutu Magistrates’ Court. He faces charges on two counts of theft.

Charges Against Matonga

The politician was arrested over charges of theft of farming implements yesterday, according to widespread reports. Matonga had been held in remand by the police in Chegutu before his bail hearing, which was set for today. On December 10, 2021, Matonga allegedly appropriated two John Deere tractors from Monchris (Landos) farm in Sealous without permission. The tractors, valued at US$70,000, were relocated to his own property, Chigwell farm in Chegutu. Fortunately, both tractors have been recovered.