President and Grace Mugabe face day in court over Hong Kong property

President and Grace Mugabe face day in court over Hong Kong property
Published: 2014 January 30 14:38:06 (15718 Views)
There are suggestions that legal experts believe that President Mugabe and his wife Grace may be called upon to testify in court if the matter of their Hong Kong property proceeds to trial.

Zimbabwe's first lady, Grace Mugabe, was allegedly duped by Chinese businessman, Ping Sung Hsieh, when she carried out a deal, allegedly without her husband's knowledge and sources say when the president found out, he was angry.

According to the Zimbabwe Mail, the lawsuit over the ownership of a luxury residential property in Hong Kong suggests possible abuse of state resources.

According to reports, it is alleged that the Mugabes bought a luxury house for their daughter Bona who was studying in Hong Kong and they used the businessman as front man to avoid publicity and now Hsieh has reneged on the promise to hand over the title to the property.

Asked about the property purchase in 2009, President Mugabe denied that they had bought a house in Hong Kong, and he insisted that they had merely rented a house for their daughter to live in while she was studying.

In a lawsuit launched against Hsieh this week, it is alleged that Hsieh transferred the property into his own name when it should be held in trust for the Mugabe family by a company called Cross Global, under whose name the property had initially been bought.



The lawsuit was launched by the Government of Zimbabwe in the High Court in Hong Kong allegedly on behalf of the Mugabes.

The Zimbabwe Mail suggests that if the property is owned by the Zimbabwe Government, questions would arise as to why Bona was living in a state-owned property and their sources said this is tantamount to abuse of state property.

Grace Mugabe and Ping have apparently also fallen out over a botched deal to buy trucks in which Grace is claiming that Hsieh had stolen $1 million from her.

According to Grace Mugabe's aide quoted in South African newspaper The Sunday times, the money was sent money to Hsieh in South Africa to buy trucks which were never delivered.

The report says Grace Mugabe wanted Hsieh arrested in South Africa but efforts to have him extradited to Zimbabwe failed in the South African courts in 2011.

The Sunday Times also reported that the First Lady was also involved in a mining joint venture with Hsieh in the Midlands province of which her husband (President Mugabe) was not aware.




Source - ZimbabweMail

Tags: Mugabe, property,
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Anonymous user 2014 January 30 20:14:14
Kkkkkk she's a crook thus why she cheat him.

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