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suspended on condition Maja restitutes US$248 938 on or before September 30 this year.
Maja, who was represented by Advocate Thabani Mpofu, succesfully applied for bail pending appeal before High Court Judge Justice Joseph Musakwa. Justice Musakwa concurred that there were prospects of success on appeal. Maja surrendered title deeds of her Mabelreign home and was ordered to report three times a week.
She allegedly swindled Silven Chisewe, Syvern Investments director, Kudzai Chisewe, a World Health Organisation employee based in India, Julius Musara and Runyararo Tafadzwa Chisewe, who are all related.
Maja first approached her friend Silven in July last year and told her she was running a micro-finance company called Home Beautiful.
Maja told Silven that she needed financial support and she gave Maja $16 640 in February last year.
Maja advised her that the amount attracted a 12 percent interest every month and Silven later gave her an additional $100 000 in May last year under the same conditions.
She became elusive when Silven approached her intending to withdraw money and the interest accumulated through the investment. Maja, using the same tactic, received $91 590 from Kudzai, $5 300 from Runyararo and $35 100 from Musara, between February and May last year.
According to State papers, investigations revealed that Home Beautiful was not a registered micro-finance company. It was also discovered that Maja did not invest the money that she received from the four complainants.
Online Reporter