Brothers swindle partner of US$98 000, court told

Zimbabwe, have appeared in court charged with theft.
Dereck (31) and Tonderai (29) Dari, the directors of Winmed Trading, were not asked to plead to the charges when they appeared before Harare magistrate Mr Shane Kubonera.

The two were remanded to July 26 on US$200 bail each and ordered to surrender their passports as part of their bail conditions.
Prosecutor Ms Svodai Kadivirire, alleged that sometime in 2009 Macdonald Muzezewa, who knew the two in business circles, went to the United States.

While in the US, Muzezewa thought of starting a business in Zimbabwe and entered into a joint venture arrangement with the Dari brothers in which he would provide money to start a plastic trading business.
They agreed that the duo would remit 12 percent per month to Muzezewa, it is alleged.

On August 19 the same year and pursuant to the arrangement, the State says Muzezewa transferred US$98 000 into the duo’s FBC Bank account where they are both signatories.
It is further alleged between August and September, the brothers withdrew all the money and converted it to their personal use. The court heard that in January this year, Muzezewa came back to Zimbabwe and discovered that the duo had not started any business but had used all his money.

He made a police report leading to their arrest.

Related Posts

IMF impressed by Zim economy . . . meets all end-March targets . . . rating boon for economy

Nqobile Bhebhe-Zimpapers Business Hub ZIMBABWE has reached another significant milestone in its economic reform and international re-engagement drive after the International Monetary Fund (IMF) Management approved the completion of the…

Govt to pursue pensions, benefits for SA returnees

Zvamaida Murwira-Senior Reporter GOVERNMENT will engage South African authorities over unpaid benefits and pensions for Zimbabwean returnees under the ongoing repatriation exercise. Speaking to journalists at a post-Cabinet media briefing,…

Leave a Reply

Your email address will not be published. Required fields are marked *

×