AMG Global now ‘owns’ 24% of a company it was appointed to administer while the shareholders of that company now own absolutely nothing after AMG Global purported to hand over 76% to govt.
This is how SMM was stolen with the help of now Deputy Minister Hon. Fortune Chasi: 1/11
This is how SMM was stolen with the help of now Deputy Minister Hon. Fortune Chasi: 1/11
The first point that must be made is that AMG Global does not in fact own anything. It was defeated in the UK Courts and admitted as much to government. So the basis of GoZ’s purported ownership of SMM is steeped in illegality. 2/11 
The purported UK Company now has a Zimbabwe address! All UK registered companies and LLPs must maintain an effective UK registered office address at all times. 3/11
Background: Mawere and SMM were specified in 2004 on externalisation allegations. There was no claim SMM was unable to pay its creditors.
Mawere and SMM directors immediately lost all power to act or represent SMM in any way.
AMG Global was appointed administrator. 4/11
Mawere and SMM directors immediately lost all power to act or represent SMM in any way.
AMG Global was appointed administrator. 4/11
SMM had a number of bank loans that were not yet due. AMG Global wrote to the banks stating that the RBZ would pay off all SMM loans. Remember this point - they paid off loans that were not due. 5/11
The RBZ, through legal counsel Fortune Chasi, began to claim that SMM was under Judicial Management. This was not true. SMM had been specified and placed under AMG Global administration for alleged externalisation. Chinamasa admitted the same in 2010 6/11
RBZ, working on the advice of legal counsel Fortune Chasi, tried to buy the UK shares (SMM was a wholly UK company). They lost the UK case. AMG Global claimed the judges were biased. See highlighted sections. 7/11
Here is the trick. You specify SMM and push out the owners from management. SMM is not in any default on loans. RBZ pays the banks and takes over the loan. AMG Global wilfully does not service the loans. AMG then hands over equity to govt to cover the loans it did not pay. 8/11
In all this the question to ask is how SMM shareholders could have paid those debts. The company was under the administration of AMG Global which chose not to pay. Effectively the shareholders had their hands tied behind their back. 9/11
Effectively, govt claims that AMG Global (which it appointed administrator) handed over 76% SMM to Govt of Zimbabwe. But how can AMG Global hand over what it does not own? The UK courts ruled against AMG Global. SMM was a wholly UK owned entity. 10/11
AMG Global could not hand over 76% of SMM shareholding to government because it is NOT the owner as shown in the UK government judgment. It is a monumental fraud and Fortune Chasi was the legal mind behind it. 11/11
