adminSmall Enterprises Development Corporation’s bank account through misrepresentation.
Christopher Kumisai, Bright Tigere and Collins Tichaona – who is still at large – allegedly formed a shelf company that they called “SEDCO”.
They generated fake Real Time Gross Settlement documents and transferred US$195 000 from Sedco’s bank account into their shelf company.
The duo was yesterday not asked to plead before Harare magistrate Mr Don Ndirowei.
They were remanded to March 23 on US$100 bail each.
Ms Svodai Kadivirire prosecuted.
She alleges that sometime this month the three connived to defraud Sedco.
The trio formed a shelf company that they branded “SEDCO” and on March 4, they allegedly opened a current account with Metropolitan Bank.
The State alleges that on March 7, Kumisai and Tigere generated two fake RTGS transfers for US$87 000 and US$108 000 from Sedco’s POSB Esteem banking account into their Metropolitan account.
The prosecution alleges that they forged Stanslous Makusha and Hophine Mupamhadzi’s signatures to validate the transfer.
That same day, the court was told, the manager of POSB Esteem noticed the huge transfer and sought verification.
Sedco, it is alleged, denied making such a transaction and POSB and Metropolitan banks further investigated the transactions.
The two accused were arrested while trying to withdraw the money, it is alleged.
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- July 30, 2026
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