Online Reporter
Yeukai Karengezeka
Court Correspondent
A chief executive officer of a local finance company has appeared in court facing allegations of misappropriating company funds amounting to US$3 298, which he allegedly received from clients as loan repayments.
Denias Matsenhuke (31) appeared before Harare provincial magistrate Ms Ruth Moyo. He was released on US$200 bail.
Prosecutor Mr Lawrence Gangarahwe told the court that the complainant, Omama Finance (Private) Limited, represented by its finance director Tapiwa Mangwanya, uncovered the alleged fraud during routine financial checks.
On November 29, during an organisational strategic meeting, the company reviewed its financial status and discovered discrepancies in loan repayment records.
Further investigations revealed that several clients who were recorded as having outstanding payments had, in fact, repaid their loans through Matsenhuke.
Between March 2025 and November 2025, it is alleged that Matsenhuke collected cash repayments amounting to US$3 298 from clients but failed to remit the money to the company. He allegedly converted the money to his personal use.
Omama reported the case at Harare Central Police Station, leading to Matsenhuke’s arrest.
