Don Makanyanga
CheckPoint Desk
Michael Limosa, who is accused of participating in a fraudulent property deal involving five Vainona stands in Harare valued at US$1 232 million, was granted US$1 000 bail when he appeared in court on Saturday.
Limosa appeared before Harare magistrate Mr Learnmore Mapiye, facing fraud allegations arising from a scheme in which he allegedly worked with accomplices, who are still at large, to fraudulently sell properties belonging to absentee owners.
He was ordered not to interfere with witnesses and investigations, to continue residing at his given address and report once every Friday at the Zimbabwe Anti-Corruption Commission (ZACC) offices along Herbert Chitepo Avenue between 6 am and 6 pm.
The matter was remanded to November 24. Prosecutor Mr Ephraim Zinyandu told the court that Limosa allegedly participated in the fraudulent scheme between January 1 and November 6, 2026 in Harare.
The court heard that Limosa and his alleged accomplices would identify properties belonging to absentee owners before creating and using fictitious or forged title deeds and other ownership documents to give the impression that they had legitimate authority to sell the properties.
The alleged scheme involved identifying prospective buyers and misleading them into believing that the properties were legally available for sale.
In one such transaction, the accused allegedly targeted Stand Numbers 432, 433, 434, 435 and 436 in Vainona Township, Subdivision C, Harare.
The State alleges that Limosa misrepresented to International Traders Delight (Private) Limited that Fatherlink Investments (Private) Limited, a shelf company, had legitimate ownership or authority to sell the five properties.
On February 20, an agreement of sale was entered into between Fatherlink Investments, as the purported seller, and International Traders Delight, as the purchaser.
Investigators reportedly moved in after receiving information concerning the suspected fraudulent property transaction.
The State alleged that investigations were subsequently conducted, culminating in Limosa’s arrest before any money had been paid to the purported seller.
Limosa is accused of facilitating the transaction by attending to the drafting of the agreement of sale, preparing purported title deeds and arranging for the documentation to be lodged with the Deeds Registry to facilitate the transfer of the properties.
The five stands have an estimated aggregate market value of US$1 232 000.
