Eddie Cross’ sentencing Postponed
SENTENCE on Eddie Cross, convicted under the Insolvency Act for
failing to attend meetings with his creditors, was yesterday postponed yet
again to 4 June.
Harare magistrate Garikayi Churu postponed the case for a possible
record eleventh time because the magistrate who presided over the matter,
Stanley Ncube, was not present.
Cross, the Movement for Democratic Change economic advisor, was
convicted in January last year.
He was supposed to have been sentenced on 18 January last year but,
ever since that time, the matter has been postponed for different reasons.
Cross was declared insolvent in June 1997 after failing to repay $5,7
million he owed mostly to banks.
He initially faced a second count of failing to submit financial
statements for August to December 2000 to his estate’s trustees but this was
dropped because there was no evidence to convict him.
Interesting