Good Stake Ventures and its director charged with fraud for failing to provide 300 residential stands, resulting in US$150,000 loss

The schoolchildren are demanding US$10 000 each for loss of dignity, emotional trauma and public humiliation after they were assaulted on their backsides for allegedly stealing sugarcane from GreenFuel fields

Yeukai Karengezeka

Court Correspondent

Good Stake Ventures Company and its director, Mamina Zivengwa, appeared in court last week for allegedly failing to honour an agreement to provide 300 residential stands to a land developer.

The case was brought before Harare magistrate Mrs Marehwanazvo Gofa, who granted Zivengwa US$500 bail.

The complainant in the case is a property and housing developer, Enhanced Mortgaging and Housing Africa (Private) Limited, represented by its director, Mr Phillimon Makumbe.

Prosecutor Rufaro Chonzi told the court that in August 2023, Zivengwa, in collaboration with Crispen Alle Magaya, who is still at large, allegedly misrepresented facts to Mr Makumbe.

They claimed that if he carried out road construction work on their Long Lands Farm property in Beatrice, which was earmarked for subdivision and residential development, he would be allocated 300 residential stands as payment.

The court heard that after believing the agreement to be legitimate, Mr Makumbe proceeded to carry out the road construction work.

However, after the work was completed, neither Zivengwa nor Good Stake Ventures fulfilled their promise.

As a result of the alleged fraudulent actions, the complainant suffered a financial loss of US$150 000.