A LOCAL company, Melomack Holdings, which was recently blacklisted by government for inflating tender figures, has been dragged to court by its partners after it refused to share the proceeds realised from a tender.
The partners, Hutire Construction and Hasmo Global (Pvt) Ltd, represented by Tinashe Zinto, have filed a lawsuit demanding their dues from Melomack Holdings.
According to court papers, the partners and Melomack Holdings entered into a joint venture agreement, whereby they did bidding and won a tender for production and delivery of workstations to the Zimbabwe Revenue Authority.
The parties agreed that they were going to use Melomack Holdings as a tendering vehicle.
The parties pooled resources to the tune of US$9 600, which formed the production cost for the workstations.
It was also agreed that Melomack Holdings would get 2,5% of the profit as sales commission for using its name for the transaction.
The total amount generated through the tender was US$58 000, less production cost of US$9 600 resulting in a net profit of US$48 400.
The partners alleged Melomack Holdings was supposed to deduct 2,5% in the sum of US$1 302,93 from the net profit.
- Blacklisted company dragged to court over proceeds
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The remainder of US$48 400 was to be shared between the three parties in equal shares, with each getting US$16 133.
They submitted that despite the US$58 000 being paid in full, Melomack Holdings unlawfully withheld payment of the sum due to them.
They further submitted that it has maliciously made it impossible for them to remain in business, as Melomack Holdings has become evasive in honouring its end of the bargain.
“Despite approaching the defendant to clear the air and demanding their dues in terms of profit, the defendant is not forthcoming.
“As a result of the misinformation and dishonesty of the defendant, the plaintiffs hereby claim against the defendant, full part of their profit share to the tune of US$32 266 or the equivalent at the prevailing official rate within 48 hours of the honourable court’s order,” the plaintiff’s submitted.
