adminare facing charges of fraud involving more than US$26 million.
In passing the ruling, Harare magistrate Ms Anita Tshuma said Mutanda’s application was baseless and remanded the matter to January 28 next year.
Through his lawyer Mrs Linda Chipato, Mutanda applied for refusal of further remand arguing that State could proceed by way of summons.
State prosecutor Mr Michael Reza opposed the application and informed the court that the Attorney General’s Office intended to indict the Caps boss for trial at the High Court.
However, Ms Chipato and Mr Raphael Tsivama, who is appearing for Majaka, applied for refusal of further remand arguing that their clients had been on remand for a long time.
Ms Chipato told the court that the docket was supposed to have been completed last year.
The State alleges that Mutanda and his accomplice fraudulently took 50 dossiers of the most critical drugs manufactured by CAPS Holdings and registered them in Europe under the name CAPS International.
The registering of CAPS International in Europe was allegedly done without the knowledge of the Reserve Bank of Zimbabwe, which was supposed to authorise the transaction, a requirement according to intellectual property provisions.
According to State papers, CAPS Pvt Limited won a tender to supply drugs worth 2,2 million euro to the Government of Zimbabwe through Natpharm, and were given 1,3 million euro of which they supplied drugs worth 900 000 euros only.
Mutanda is believed to have pocketed the remainder.It is also believed that CAPS secured a loan of US$4 million from CBZ.
However, Mutanda is alleged to have withdrawn US$1,5 million, which he is accused of converting to his personal use.
Online Reporter