THE trial of estate agents Clark Clever Makoni and Beverly Aisha Ndonda Makoni, accused of defrauding former Reserve Bank of Zimbabwe Governor Dr Gideon Gono’s company, Galwex Investments of ZWL$137 million, continued last Friday with Dr Gono recounting how he had been betrayed by individuals he deeply trusted.
In his evidence-in-chief, Dr Gono revealed that the misappropriation of funds came to light during a financial audit conducted in 2023.
The audit, which focused on Galwex Investments’ properties in Chivhu and Valley Lodge, exposed significant financial misconduct.
Dr Gono testified that under the original agreement, the Makonis were tasked with collecting rental income, deducting an agreed commission, and covering operating expenses.
The remaining funds were to be remitted to him on a monthly basis. However, the audit uncovered a different reality.
“I was devastated to discover such betrayal from people I treated like my own children,” said Dr Gono, adding that he had entrusted the couple with the management of his properties after being introduced to them by his own children in 2016.
Further complicating the matter, employees of Galwex Investments were barred from entering Valley Lodge to investigate its operations.
“My staff were even arrested for trespassing after attempting to investigate the affairs of the lodge,” said Dr Gono.
He alleged that police were shown a CR14 document by Clark, which falsely indicated that ownership of Valley Lodge had been transferred to the accused.
Despite the obstacles, a partial audit covering nine months revealed substantial financial irregularities.
“The audit uncovered serious financial malpractices, with proceeds from Valley Lodge being siphoned into their own pockets,” Dr Gono said.
He further stated that ownership of Valley Lodge could not have been legally transferred to the Makonis, as Galwex Investments had not yet fulfilled certain outstanding conditions with the original property owner, Mr Ayob Omar.
Dr Gono recounted a pivotal meeting held on January 18, 2024, initiated by Clark Makoni.
The meeting, which included legal representatives from both sides, lasted two hours and was documented through notes and audio recordings.
“During the meeting, Clark admitted to wrongdoing and pledged to return Valley Lodge to its rightful owners,” said Dr Gono.
A follow-up agreement was reached for the property to be handed back to the Gono family on January 20, 2024.
The Makonis also offered to pay US$50 000 as a goodwill gesture after extensive negotiations.
However, despite Clark’s apparent willingness to resolve the matter, his wife, Beverly, refused to sign the deed of settlement.
“Beverly did not attend the meeting and later declined to sign the settlement agreement delivered to her by her husband,” Dr Gono said.
The financial losses caused by the couple’s alleged fraud have left Dr Gono in significant distress.
“The audit shows a prejudice of ZWL$137 million, equivalent to US$100 000,” he said.
“I depend on my investments for my livelihood.
“This betrayal has caused me immense stress. I live on a pension from NSSA and other companies I served since I began working in 1977, long before my children were born.”
During cross-examination, Dr Gono maintained that he had provided evidence to support his claims, which he had submitted to the State.
However, this evidence was not produced in court. He also dismissed allegations that he was using political influence to persecute the Makonis. The trial is set to resume on July 11.-Herald
