Investor loses firm, $650k assets to employee

A SOUTH AFRICAN investor, Imran Valley, lost his company and assets worth $650 000 after his Zimbabwean manager allegedly fraudulently filed fake documents to the Registrar of Companies before changing ownership.

Azeem Hassim (34) was summoned to court and appeared before magistrate Noel Mupeiwa charged with fraud.

It is the State’s case that in May 2012, Valley bought a company known as Pickday Investments through Anis Abdul Karim Omar, a chartered accountant, to venture into grocery distribution business in Zimbabwe.

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