conflict of interestEU grantdirector liabilityforensic auditemployment termination
Tags
conflict of interestemployment lawEU grantforensic audit
legislation
Statutes Cited
Finance Act No. 2 of 2019
Reserve Bank of Zimbabwe Act
Public Accountants and Auditors Act
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether respondent suffered loss in sum of USD 14,832","issue_type":"fact","dispositive":"no","related_facts":"KPMG audit findings, conflict of interest transactions"}
{"issue_text":"Whether amount represented payments where appellant was conflicted","issue_type":"fact","dispositive":"no","related_facts":"Purchases from Women`s Capital, board approval"}
{"issue_text":"Whether loss was payable in foreign or local currency","issue_type":"law","dispositive":"no","related_facts":"Currency of transactions, Finance Act provisions"}
{"issue_text":"Whether appellant was personally liable for breach of EU regulations","issue_type":"law","dispositive":"yes","related_facts":"Board approval of tainted transactions, appellant's disclosure"}
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background
Facts of the Case
Background
The appellant, former director of respondent charitable organization, appealed against High Court order requiring her to pay US$14,832 for conflict of interest relating to purchases from her company. The respondent claimed she breached EU grant conditions by failing to declare conflict of interest.
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