Prime Homes Directors Face Court Over $2 Million Fraud

Two directors of Prime Homes Pvt Ltd appeared before the Harare Magistrates Court accused of orchestrating a $2 million property fraud scheme. Prosecutors allege the pair forged a company resolution to place the firm under liquidation to evade mounting debts. This high-profile corporate scandal has sent shockwaves through Zimbabwe's real estate sector, raising serious concerns about property rights and corporate governance. Legal experts warn that the case exposes deep vulnerabilities in the state's company registration and liquidation oversight systems. The fraudulent liquidation attempt highlights how weak regulatory oversight allows rogue corporate executives to exploit legal loopholes and defraud creditors.