Online Reporter
Yeukai Karengezeka-Court Correspondent
GOOD Stake Ventures Company and its director, Mamina Zivengwa, have appeared in court facing fraud charges after allegedly failing to honour an agreement to provide 300 residential stands to a land developer.
The charges were brought before Harare magistrate Mrs Marehwanazvo Gofa, who granted Zivengwa bail set at US$500.
The complainant in the case is a property and housing developer, Enhanced Mortgaging and Housing Africa (Private) Limited, represented by its director, Phillimon Makumbe.
Prosecutor Rufaro Chonzi told the court that in August 2023, Zivengwa, in collaboration with Crispen Alle Magaya, who is still at large, allegedly misrepresented facts to Makumbe.
They claimed that if he carried out road construction work on their Long Lands Farm property in Beatrice, which was earmarked for subdivision and residential development, he would be allocated 300 residential stands as payment.
The court heard that after believing the agreement to be legitimate, Makumbe carried out the road construction work.
However, after the work was completed, neither Zivengwa nor Good Stake Ventures fulfilled their promise of allocating the residential stands.
As a result of the alleged fraudulent actions, the complainant suffered a financial loss amounting to US$150 000.
