CITY MAN CONVICTED OF 175 COUNTS OF FRAUD, JAILED FOR 10 YEARS

Nokutenda Rusero

KUDAKWASHE Simon Vukomba has been convicted of 175 COUNTS OF FRAUD, involving $302 million, and has been sentenched to 10 years in jail.

Three years have been suspended for good behaviour while four years will be suspended if he reimburses the full amount he stole – #302 million.

He was the Finance Manager at Morgan and Co.

The company is in the business of stock broking and was ordered to pay taxes and fees to statutory bodies such as the Securities and Exchange of Zimbabwe (SECZIM) and Zimbabwe Revenue Authority (ZIMRA).

Vukomba’s responsibility was making sure those those payments were made.

However, the State claims he would change the account numbers of the statutory bodies and replace them with his company’s account numbers.

He also used the account numbers of his friends, according to the State.

The offence came to light after SECZim made a follow-up on some outstanding payments and Vukomba was charged with 175 counts in which $302 million was lost in this fraudulent scheme.