Over the last 4 months the ENG Capital lawyers and legal Advisors had requested that there be no further statements or public articles regarding the illegal ,irregular and fraudulent merger between CFX Bank and Interfin Bank which was renamed Interfin Banking Corporation. Their hope and expectation was that Interfin Management and shareholders will do the honourable thing and propose a reasonable way forward. Needless to say we were disappointed as the Interfin Board of Directors and Management took our silence for foolishness and proceeded to devise a fraudulent scheme claiming to liquidate CFX Bank knowing full well that CFX Bank assets such as the Moneygram Franchise ,leases, contracts ,goodwill had been spirited into Interfin Banking Corporation. This is disgraceful coming from Bankers who are supposed to be custodians of people`s wealth and savings.
According to the media CFX Bank has been placed into liquidation due the ownership wrangle arising from the High Court case HC 6244-04 which I filed in Zimbabwe. After Interfin Banking Corporation unwisely merged Interfin Bank and CFX Bank and renamed the bank Interfin Banking Corporation they are now fraudulently claiming to be liquidating CFXZ Bank when all the CFX Bank assets such as its MoneyGram Franchise, Buildings, contracts ,employees etc have been stripped and transferred into Interfin Banking Corporation which took over Century / CFX Bank ZSE listing and renamed it Interfin Banking.
The so-called liquidation of CFX Bank is nothing but a fraud being perpetrated by Interfin Holdings Directors led by MD Raymond Njanike and Chairman Farai Rwodzi. There is no liquidation taking place whatsoever since all the CFX assets have already been ``merged`` and transferred into the new entity now renamed Interfin Banking Corporation. This is an effort to hide the tracks of the original fraud which is being challenged under High Court case HC 6244-04.This is an effort to escape legitimate liabilities brought about by Interfin`s unwise and greed move of trying to grab CFX Bank assets.
Interfin Banking Corporation Zimbabwe is a product of a fraudulent merger between Century Bank and CFX Bank which was subsequently renamed Interfin Banking Corporation after another irregular merger between Century/CFX Bank Limited and Interfin Bank Zimbabwe.
Interfin Bank and its Directors led by Farai Rwodzi are guilty of cozening customers and investing public into buying worthless Interfin Holdings shares .Interfin owes me and ENG Capital US 15.4 million for the 309 million shares fraudulently converted from Century Bank into CFX Bank then Interfin Banking Corporation. And they are trying to escape paying this liability by claiming CFX Bank is being liquidated.
Interfin Bank Directors particularly MD Raymond Njanike and Chairman Farai Rwodzi are acting irresponsibly by failing to handle a legitimate claim and responding by plastering a cracked wall which tantamount to the proverbial ostrich putting its head in the sand.
Interfin Board and Management are risking shareholder funds and investor funds by their current tough guy mentality.
The claim by ENG Capital and myself against Interfin and its shareholders is indisputable and must be settled. Interfin must not take the silence for foolishness we expect them to act responsibly.
Contact ;
Email; gilbert@gilbertmuponda.com
Facebook: http://www.facebook.com/muponda
Website; www.gilbertmuponda.com
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