Zimbabwean corporate executive Never Mhlanga was arrested in Harare over allegations of fraud connected to the 5 million sale of Montclair Hotel and Casino in Nyangas Eastern Highlands. He is expected to appear in court in the coming weeks.
Dispute over Montclair ownership
The case centers on a November 2024 deal, when ZSE-listed Rainbow Tourism Group RTG announced it would acquire Montclair from Briolette Services Pvt Ltd for 5 million. The transaction, involving 23 shareholders, required regulatory approval from the Competition and Tariff Commission.