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Thubelihle Mabhena Court Reporter
A director at a Bulawayo company has been dragged to court for allegedly swindling his partner of about $14,000.
Virimai Chiminyu, 39, of Entumbane suburb allegedly convinced Regis Mupakaviri of Southwold suburb to invest $13,819 into his company, Limitless Trading (Private) Limited.
Chiminyu allegedly told Mupakaviri the money would make him an equal partner that would entitle him to a 50 percent share of the profits.
Chiminyu allegedly converted all profits to his personal use.
He appeared yesterday before Bulawayo magistrate Singandu Jele facing a charge of fraud.
He pleaded not guilty and was remanded out of custody to today for trial.
Chiminyu is represented by Prayer Muzvuzvu of Muzvuzvu and Mguni law firm.
Prosecuting, Munyonga Kuvarega said in September 2011, Chiminyu approached Mupakaviri and invited him to be a partner in his company.
“Chiminyu’s company Limitless Trading Private Limited had been awarded a tender by Liquid Telecom Fibre Optic Network,” said Kuvarega.
He told Mupakaviri to fund the company and in turn benefit a 50 percent profit sharing in the company said Kuvarega. As a result, Kuvarega said, Mupakaviri put $13,819 into the company.
Chiminyu reportedly managed to complete 24 jobs of varying sizes in Bulawayo, Plumtree and Gwanda raking in a total of $139,716, the court heard.
Kuvarega said Chiminyu failed to share the profits as agreed.
Mupakaviri did not recover anything.
Online Reporter