Online Reporter
Prosper Dembedza
Herald Correspondent
The trial of Farevic Systems former director Shingai Faranisi (34) on allegations of defrauding his employer of ZWL$3 240 000 continued with him pleading not guilty to the offence.
In his defence Faranisi denied committing any offence as alleged in the State papers.
It is the State’s case that on September 29 2022 the shareholders of Farevic Systems held a meeting and agreed that Duduzile Mungure should be a signatory to all Farevic Systems bank accounts together with the accused.
It was further agreed that for every transaction made at the bank both signatories should sign a signature card and samples of signatories and signing instructions were held at FBC Bank stating that both signatories should sign on any transaction.
The court heard that on October 27 2022 the accused went FBC Bank, Victoria Falls branch and withdrew ZWL$3 240 000-00 from Farevic Systems account number 6127544780478 and transferred it to Tambwari Logistics account without the knowledge or consent of the other signatory of the company.
As a result of Faranisi’s misrepresentation to the bank the company suffered a total prejudice of ZWL$3 240 00 and nothing was recovered.
