THE tussle for ownership and control of Dynamos Football Club spills into the courts.
Board Chairperson Bernard Mariot Lusengo is accused of fraudulently allocating himself a significant stake without the board’s consent.
Lusengo was remanded out of custody to July 26 for trial after appearing before Magistrate Shane Kubonera on charges of doctoring the club’s share register, allocating himself the majority shareholding.
Dynamos Private Limited is the complainant on the matter and is being represented by Robinson Rundaba.
Allegations are that Dynamos Pvt Ltd’s articles of association were replaced in 2008 through a special resolution with the sole intent of allocating shares to those who were active members of the club between 1963 to 1968, in line with the Sports and Recreation Commission recommendation.
The court heard that a three-member committee made up of Casper Muzenda, Lusengo and Rundaba was constituted to examine the affairs at issuing certificates and allocating shares.
The committee did not meet to execute their mandate until 2019, when Rundaba reportedly was alerted by Sakunda Holdings. They said Lusengo had sought sponsorship for the club where he claimed to be the sole over Dynamos.
A meeting ensues with the other members, and Lusengo reportedly opined that he owned a 51 per cent stake. Still, sensing danger, Rundaba made a police report, and investigations pointed out that Lusengo had fraudulently awarded himself 51 per cent of the company’s shares, thereby prejudicing the club of the same amount of shares.
