Engineering firms’ directors fight over liquidation

A HARARE engineer is up in arms with his business partner, who has approached the court seeking the winding-up of their joint business ventures, Matabeleland and Yagden engineering firms, after the pair allegedly failed to amicably work together.

Tony Renato Sarpo approached the High Court under case number HC9207/16, seeking liquidation of the two firms based in Msasa, Harare, claiming he invested $681 773 as a shareholder.

However, his business partner, Wayne Williams, opposed the application, accusing Sarpo of creating artificial insolvency after allegedly externalising over $700 000 to South Africa between 2013 and 2015.

This story is for NewsDay subscribers.