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resources manager deposited the US$1 680 000 into a CBZ account for Perpetual Properties trust account.
It is believed that Gumbo’s daughter was an administrator for Perpetual Properties and she was the one who did the transactions.
The property was bought for US$1,2 million, which was fully paid to the owner Diane Spalletah by Perpetual Properties. Perpetual Real agents deducted their commission amounting to US$44 500, leaving a balance of US$435 500.
It is the State’s contention that US$160 000 was used for the purchase of a property owned by Poptechnologies where Gumbo and Popatlal Samir are directors.
A person called Da Silva was given US$100 000, while Samir received US$95 000. Gumbo allegedly allocated US$80 000 for “renovations”.
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