MASERU — Osman Moosa, a businessman convicted of fraud charges, yesterday finally regained control of the troubled Private Sector Foundation of Lesotho (PSFL).
High Court judge Justice Semapo Peete, who had interdicted Moosa and his camp from acting on behalf of PSFL last year in a direct clash with his colleague Justice ’Maseforo Mahase who had put Moosa back to the PSFL chairmanship after a coup, confirmed his chairmanship.
His nemesis, Leonia Mosothoane, who has been chairperson since March 24 last year, is now an ordinary member of the PSFL.
Justice Peete advised Mosothoane and Moosa to make peace for the sake of economic development of Lesotho in harmony with “the noble and ambitious objectives” of the PSFL.
“I implore parties to take conciliatory steps,” Justice Peete said.
“The paramount interests of the foundation should not be sacrificed on the altar of ambition and self-interests,” he said.
He said if Moosa leaves the PSFL his replacement should be elected according to the proper channels.
Last night there was speculation that the Mosothoane camp would appeal against Justice Peete’s ruling.
Moosa was kicked out of the chairmanship at a March 24 extraordinary meeting he had not attended after a faction led by Mosothoane tried in vain to compel him to call the elective conference.
Justice Mahase ruled that the Mosothoane faction’s conference was unlawful.
She dismissed the Mosothoane faction’s application made in June last year for which an interim order was issued barring Moosa’s camp from entering the PSFL offices as well as passing all executive powers to Mosothoane’s committee.
The judge had on June 15 made an interim order calling Moosa, the PSFL CEO Thabo Qhesi and the foundation’s executive committee member Kutloano Sello to show cause why they could not give the Mosothoane faction access to the office and its documents.
The Moosa committee was removed because “it was inefficient.”
The Mosothoane faction had also resolved that after Moosa’s exit, Qhesi should be removed from office and be investigated for possible embezzlement of funds.
They had also resolved to change their signatures at the Standard Lesotho Bank.
After winning the battle, Moosa’s committee then said it would investigate abuse of funds against the Mosothoane faction.
“The legitimate PSFL board will now investigate the possible abuse of PSFL members’ subscriptions and property by these selfish individuals and shall take appropriate action against them and hold them personally accountable,” reads part of PSFL statement.
“The PSFL board officially cancels all meetings that were announced by these illegitimate group (sic) in the name of the Private Sector Foundation of Lesotho and in particular the so called AGM (31.8.2012) at Maseru Sun or anywhere else,” said Moosa in the statement.
The AGM Moosa referred to in the statement was held after Mosothoane’s camp obtained a High Court order against the objections of Moosa and company.
Mosothoane, armed with the court order, held the AGM where she was re-elected as the chairperson.
She had obtained an interim court order barring the Moosa camp from “conducting any transactions on the business banking account number 0140045894101 held by the applicant (PSFL) with Standard Lesotho Bank.”
The Moosa camp had also been interdicted from entering into any agreement on behalf of the PSFL.