Online Reporter
Zvikomborero Parafini
A DIRECTOR at a local electrical supplies firm and two bankers appeared in court yesterday for allegedly conniving to defraud a company of over US$130 000.
Jerrypat Electricals, represented by Mluleki Dube, Nigel Ngonidzashe Gwanzura, who is employed by First Capital Bank, and Rasheed Mkwala of Ecobank Southerton, were not asked to plead when they appeared before Harare regional magistrate Donald Ndirowei, charged with fraud and money laundering. Dube also appeared in his own capacity.
Prosecutor Rufaro Chonzi alleged that from January 31 and June 25 this year, Jerrypat Electricals, Gwanzura, Dube and Mkwala misrepresented that they were the owners of a local company that had an Ecobank account and transferred US$132 000 into Jerrypat Electricals on different occasions.
The State claims the quartet distributed the proceeds from the theft among themselves.
A total of US$27, 641.15 was recovered from Jerrypat Electricals’ account.
The three were remanded in custody and will be back in court today to file their bail applications.
