The suspect, Chi Yingdang 55, was not asked to plead when
he appeared before Harare magistrate Judith Taruviunga and was released on $20
000 bail.
He was remanded to appear in court on February 15, 2021. The
first complainant is Wu Chenghui and the second complainant is Gu Dialing.
Both the complainants have 10,3 percent shares each while
Yingdang owns 62,9 percent shares of ZIMCM.
The court heard that in 2016, Yingdang who jointly owned
ZIMCN Private Limited together with Chenghui, invited Dialing and two other
Chinese nationals to partner and invest in ZIMCN which Yingdang said had ten
gold claims in Mahaka.
They agreed that Chenghui and Dialing would pay RMB9 270
000 each for their allocation of 10,3 percent shares and after they paid, the
gold mining project began and because Yingdang had 63 percent shares, he was
entrusted with the position of managing director and to be in charge of the
entire operations of the company.
Three months into the project Yingdang requested more money
from the complainants and induced them to invest RMB515 000 each.
In March 2017, Yingdang reportedly informed the
complainants that the working capital was still not enough and that the milling
plant project had been stopped whilst in actual fact he was operating.
On November 7 this year, the complainants resolved to sell
the gold project of ZIMCN citing viability problems, the other shareholders
signed the resolution but Yingdang did not and became evasive. H Metro
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