News / National
Foreigner swindled
05 May 2014 at 07:32hrs | Views
A Harare businessman, Charles Chisango will on Wednesday appear before a Shurugwi magistrate facing charges of defrauding his foreign partners of mining equipment worth $2.5 million.
Chisango is said to have formed a joint venture chrome mining company Minemills with a Singaporean investor Frans Thormanhlen.
Thormanhlen's company NJZ Resources registered in Hong Kong, in turn supplied the joint venture with mining equipment on a hire purchase agreement.
But Thormanhlen filed charges of theft against Chisango after he latter allegedly refused to hand over the mining equipment to NJZ Resources when Minemills had failed to pay off the purchase price due to discontinued operations.
Chisango is also accused of holding on to three vehicles and assortment of heavy equipment.
Source - newsday