Pair in court for money laundering, fraud, theft

Prosper Dembedza Herald Correspondent

Two Varun Baverages employees have appeared in court on allegations of stealing US$250 000 from their employer.

Vitalis Masikati and Elvis Muzvidzwa were facing theft, money laundering and fraud charges when they appeared before Harare Magistrate Mr Stanford Mambanje.

They were remanded to tomorrow for bail ruling.

The court heard that Muzvidzwa used to collect various amounts of cash from the sales representatives and instead of surrendering the money to the cash office, he would give it Masikati.

It is the State’s case that Masikati would then post fake information to the company that it had received cash.

Upon stealing the money, the two acquired various properties including a house that needs further verification and a motor vehicle. They also started various businesses during the time they committed the offense.

The pair led to the recovery of US$114 000 and the value stolen is US$250 000.

Related Posts

Fastjet introduces business premium service on regional routes

  Herald Reporter Fastjet Zimbabwe yesterday announced the introduction of an exclusive business premium product available on the Airbus A320-200 from August to September peak travel season. The business chief…

ZANU PF Politburo meeting on Wednesday

  Joseph Madzimure Zimpapers Politics Hub ZANU PF will convene its 395th Ordinary Session of the Politburo on Wednesday to deliberate on key party and national issues, with preparations for…

Leave a Reply

Your email address will not be published.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

×