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New directors illegal: Maqakachane

Maseru — Advocate Tekane Maqakachane, legal representative of the warring shareholders of the Lesotho Public Motor Transport Company (LPMTC), Moeketsi “Chaltin” Tsatsanyane and Ishamael Monare, has labelled as unfounded the allegations levelled against him, insisting he is still “a legal representative of the company”.

“The company came to me seeking advice, so these young boys can’t claim they have written letters to me as it was only in April that they fraudulently ascended to control the company under dispute,” Maqakachane said.

According to Maqakachane, ‘Mabathoana and others were never the association or company’s members or directors until April when they fraudulently filed papers with the office of the Registrar of Societies.

“I’m representing those people who realised these people have fraudulently assumed directorship of their company,” he said.

Commenting on the alleged association elections, Maqakachane dismissed them saying: “What they purport to have been an election was not an AGM of the association.”

Maqakachane said he is still the rightful and mandated lawyer of the LMPTC.

He said on September 5, a court order was released by Justice Lebohang Molete that showed the rightful directors of the company.

He explained according to the regulation and laws of the company Monare is still the rightful holder of the 3 995 shares of the 4 000 company shares.

“He (Monare) holds the shares since 1996 on behalf of the association and their laws clearly stipulate how Monare could cease to be the one who holds those shares.

“So they should follow the rightful procedures and not take the company hostage,” Maqakachane said.

Maqakachane emphasised he does not have any personal interests in the company insisting he has been given mandate to represent the company by the new board.

When contacted for a comment Monare told the Sunday Express he continues to be a trustee of the company holding ownership of 3 995 shares since 1996.

He accused ’Mabathoana and his allies of being illegitimate members of the association saying they do not even own any taxis or buses.

“The company’s directorship revolves around the company but what they did was to defraud us and on Monday next week we would be reporting this matter to the DCEO (Directorate on Corruption and Economic Offences),” charged Monare.

Monare said the association does not have control over the company insisting the company is under the control of its board members.

“Initially the company was established by one Ntate Makhaba, Ntate Sello and Ntate Mapheleba and the majority shareholding was under the control of Nkau Nkuebe as the trustee who I succeeded in 1996. These people are trying to outsmart us,” said Monare.

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