adminmisrepresenting some of the money was to cover non-payment of statutory obligations, legal fees and interest charged on the loan advanced by the purported financiers.
Sedze was yesterday summoned to appear before Harare magistrate Mr Rodgers Kachambwa who deferred the trial to March 14.
Charges against Sedze arose during a period preceding the month of February in 2011 when Kingston Holdings owed the National Social Security Authority a total of US$43 552,54 for non-payment of statutory obligations.
On February 8 during the same year, NSSA obtained a High Court judgment against Kingstons to attach its property.
Sedze allegedly hatched a plan to defraud the company and misrepresented to Kingstons Holdings that he had secured a financier to rescue them.
He misrepresented that Rachet Investments was willing to lend US$31 000 to service the NSSA debt.
The money was to be paid directly to NSSA, it is alleged.
Prosecutor Mr Michael Reza alleges that on different occasions, Sedze submitted contrived electronic transfer copies with a combined figure of US$48 000 purporting to be Rachet Investments’ payments to National Social Security Authority.
Afterwards Sedze allegedly claimed US$25 362 from Kingdom Holdings saying the money would cover legal fees and interest charged on the loan advanced by the purported financiers.
He allegedly converted the money to his own use.
On the second count, the State alleges that on January 10 in 2011, Sedze bought stand number 65 Rydale Ridge Park worth US$17 000 through a real estate agent.
Between February 4 and 16, Sedze allegedly misrepresented to the company that US$10 000 was due in legal fees arising from litigation involving Kingstons before he was given the money.
Online Reporter