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Prosper Dembedza
Herald Correspondent
A Chitungwiza man who was arrested after going on a spending spree and failing to explain the source of the money has been granted US$500 bail after he appeared in court on money laundering charges.
Ishmael Shayanewako was advised not to interfere with State witnesses when he appeared before Harare regional magistrate Marehwanazvo Gofa.
He will return to court on December 20 for routine remand pending the finalisation of investigations.
It is the State’s case that on October 23 this year detectives from CID Chitungwiza received information that Shayanewako was on a spending spree in Chitungwiza.
Prosecutor Anesu Chirenje said detectives acting on the information arrested Shayanewako while he was driving his Toyota Hilux GD6, which he had just bought for US$36 000.
The accused was escorted to CID Chitungwiza in his vehicle where a search was conducted and a purse containing ZAR 198 8000 was recovered.
Further investigations revealed that Shayanewako had also recently purchased a five-roomed house in Manyame Park, Chitungwiza for US$27 000 from one Wadzanai Dube.
It is alleged that Shayanewako failed to give a satisfactory explanation regarding the source of his funds and investigations further revealed that the cash and the property recovered are proceeds of crime.
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