Frederick Charles Moses Mutanda is a Zimbabwean entrepreneur and a war veteran.

Frederick Mutanda
Born Frederick Charles Moses Mutanda
Occupation
  • Entrepreneur
Known for Being an Entrepreneur

Contents

Liberation War Contribution

During the liberation war he was part of the Zimbabwe African People's Union military wing Zimbabwe People's Revolutionary Army (ZIPRA). After independence he served as the chairman of Zipra’s finance and projects committee. In 2011 he was part of the former Zipra combatants that wrote a letter to Perence Shiri complaining about the serious marginalisation of their members despite the signing of the Unity Accord in 1987.[1]

Bond Notes Application

On September 21, 2016 Matanda's application for the imposition of bond notes to be declared unconstitutional was accepted by the High Court of Zimbabwe. In the application he listed the Reserve Bank of Zimbabwe and its Governor Dr John Mangudya as first and second respondents. He also listed Stanbic Bank Limited and the Attonery General as third and fourth respondents respectively.

Scandal

CAPS Holdings Fraud

Mutanda and his alleged accomplice Justin Majaka faced charges of fraud involving more than US$26 million. They were being accused of illegally exporting Caps Pharmaceuticals intellectual property rights to Caps International Johannesburg. According to the State, sometime in August 2011, Mutanda instructed Majaka to apply to the Medicine Control Authority of Zimbabwe (MCAZ), for a change of principal for 50 drug formulae (dossiers) from Caps Rallies, Harare to Caps International, Johannesburg. It is alleged in October 2011, MCAZ registered the 50 dossiers with Caps International South Africa as the new principal and owners, the effect of which ownership of the drug formulae shifted from Zimbabwe to South Africa.

The exportation of the drug formulae which are classified under intellectual property rights or patents had no approval of the Exchange Control Authority, the Reserve Bank of Zimbabwe, it is alleged.


In 2003 Mutanda made a Constitutional Court application after arguing his constitutional right to a fair trial within in a reasonable time had been infringed upon. However, prosecutor Mr Michael Reza argued that the trial was delayed because Mutanda had made an application to the Supreme Court which was also dismissed. Magistrate Noel Mupeiwa dismissed the application on the basis that it was frivolous and vexatious.[2]





Some Articles About Frederick Mutanda

High Court dismisses businessman’s bond notes challenge with costs Mon Nov 28 2016

Judgement reserved in bond notes challenge case Thu Nov 24 2016

High Court to hear prominent businessman’s bond notes challenge today Tue Nov 22 2016

See more news on Frederick Mutanda

References

  1. Zipra approaches Perence Shiri for help, The Standard, published: March 26, 2011, retrieved: September 22, 2016
  2. Innocent Ruwende, application dismissed, Herald, published: August 5, 2013, retrieved: September 22, 2016