Mom (85), son accused of US$600 000 fraud

US$600 000 has appeared in court facing fraud charges.
Nista Olympios (85) and Paris Olympios (62) are accused of swindling Brian Jembere in a share-sale deal.
Nista was not asked to plead when she appeared before Harare magistrate Mr Don Ndirowei yesterday.
She was remanded out of custody to April 11 on US$100 bail.
Prosecutor Ms Svodai Kadivirire alleges that around June 2009, Nista – through Paris – told Jembere that she was selling 50 percent of her shares in Harare Engines Reconditioners after her husband passed away in 2008.
It is alleged that Jembere bought 50 percent shareholding from Nista.
The other shares were shared between Paris and his sister, the court heard.
Jembere allegedly paid US$600 000 but the share transfer was not conducted.
On February 11, it is alleged, Jembere received an e-mail from an estate agent indicating that the property he had bought was on the market.
Jembere lodged a police report, which led to Nista’s arrest.

Related Posts

Inaugural Zim industrialisation Indaba rescheduled to Harare

Business Reporter THE inaugural Zimbabwe Industrialisation Conference and Expo (ZICE) 2026 will now be held in Harare after being rescheduled from its originally planned venue at the Zimbabwe International Trade…

Harare set for major public transport boost

Diana Nherera Herald Reporter HARARE Mayor Councillor Jacob Mafume said there are private players who intend to buy 200 buses for public transportation. In communications to the mayor at the…

Leave a Reply

Your email address will not be published. Required fields are marked *

×
×