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Tendai Rupapa Senior Court Reporter
FORMER Cabinet Minister Paul Mangwana lost over $100 000 to a business partner who withdrew money from the company’s account without his knowledge, the Harare Magistrates’ Court heard yesterday.
Cde Mangwana, a legal practitioner, and Trevor Mvere (32) are co-directors of Green Aid (Pvt). It is alleged that Mvere, a signatory to the account, fraudulently withdrew $115 619.
Mvere yesterday appeared before Harare magistrate Mr Tendai Mahwe charged with fraud.
He was granted $400 bail, ordered to surrender his passport, and to report once a week at CID Serious Frauds.
Prosecutor Miss Sharon Mashavira alleged that sometime in August last year, Mvere was appointed the company’s projects manager to oversee the setting up of a Macademia processing plant in Chipinge.
The company later obtained a loan of $401 000 from a Danish organisation called Best Seller Fund and it was deposited into its BancABC account.
The court heard that between September 30 last year and March 31 this year, Mvere completed two withdrawal slips and these were signed by Mangwana.
One of the withdrawal slips would be filed in the company’s records.
It is alleged Mvere would use the company’s copy to make cash withdrawals which he pocketed.
Mvere’s actions prejudiced Mangwana of $115 619.
Mvere was remanded to June 11.
Online Reporter