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THE on-going Capital Base Savings and Co-operative Society fraud case is phenomenal as it involves hundreds of complainants drawn across the country’s 10 provinces.By virtue of the parties involved, the case has become a national issue.
When news broke in December 2012 that there was no money at the co-operative, the issue went viral as it involved a lot of people.
It became the talk of the day and publications that carried related stories sold like hot cakes.
Several theories and explanations were brought forward as to what had happened to depositors’ funds and no solution came out.
Series of meetings were held between the co-operative’s top brass and depositors, but nothing concrete came out because investors only wanted their money back, which they never got.
They were not satisfied with explanations given resulting in the case taking a criminal turn in the form of fraud.
Inasmuch as we do not want to interfere with court processes, it is not disputed that hundreds of people lost their savings in this money pyramid scheme but the truth must come out as to the whereabouts of the over $1 million depositors claim to have been prejudiced.
Masvingo regional magistrate Mr Collet Ncube, who is presiding over the case, has a mammoth task ahead of him as he has to hear evidence from all witnesses involved.
The trial is cumbersome.
Although it is still in its infancy having kicked off some weeks ago, emotions have since flared up in the court room with some of the State witnesses bursting into tears as well as walking out of the sessions, in anger.
We believe that the courts will put an end to this sad chapter as other avenues that were followed before the matter finally came to the courts yielded nothing.
What cannot be disputed is that someone somewhere benefited heavily from the set-up and it is up to the courts to fish out those culprits.
This issue has been on the lips of many for years now and it is the wish of all and sundry that the matter be put to rest within the shortest possible time.
Our courts are manned by competent people and it is our understanding and strong belief that whatever the outcome, people will be satisfied as everything will be detailed for clarity.
We urge those involved to co-operate with the courts and avail themselves when they are summoned to do so because it is their co-operation that will ease the load on those presiding over the case. In the end the truth will always come out.
Online Reporter