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Court Reporter
Former managing director of CSVEE Energy who swindled the company of US$104 496 in fuel deals has been ordered to restitute the money or spend three years behind bars. Ignatius Mupfiga (36) who was charged with 10 counts of theft of trust property was convicted of three counts and acquitted on seven.
Harare magistrate Mr Clever Tsikwa sentenced Mupfiga to four years behind bars before setting aside a year on condition that he does not commit a similar crime for the next five years. The remaining three years were suspended on condition that he restitutes the company of US$104 496 before March 31 2014.
Proven facts are that on July 24 2012, CSVEE Energy which supplies fuel to different clients in and out of Harare, supplied 25 000 litres of diesel to Downtown Petroleum in Chitungwiza. Between August 6-12 last year the company supplied 25 000 litres of diesel and 30 752 litres of petrol again to Downtown Petroleum.
On September 7 2012, CSVEE supplied 35 000 litres again to Downtown Petroleum. All the supplied fuel was valued at US$145 965.20.
On dates stretching from July 15 to September 20 last year, Mupfiga sent his brother in-law, Owen Madawo to collect the money from Downtown Petroleum.
Instead of depositing the money into company account, Mupfiga instructed his brother-in-law to deposit US$44 820-00 into his BancABC account named One Source Agric Services. In the same period of June to September CSVEE supplied 78 100litres of paraffin to Gazaland Service Station valued at US$84 182.
Mupfiga went to Gazaland Service Station and collected the money and deposited US$52 770 into CSVEE Energy account, converting the remainder US$31 412 to his own use.
Online Reporter