News / National
Doctor up for swindling colleague
26 Aug 2014 at 14:11hrs | Views
A Harare medical doctor is on the verge of losing his house valued at $500 000 after a fellow doctor used the property's title deeds to secure a bank loan, the Harare Magistrates' Court has heard.
Athanasius Daud Dube is now before the Harare Magistrates' Court facing fraud charges following claims that he failed to pay back the loan.
The complainant in the case is a fellow medical doctor Victor Tsindi Rabvukwa, according to State papers.
It being alleged that Dube invited Rabvukwa to meet him at Sam Levy Village in Borrowdale in Harare in June 2012, claiming he had urgent business to discuss and was desperate.
The court heard that during the meeting, Dube told Rabvukwa that he was running short of cash to clear a balance towards the purchase of a Brachy therapy machine from Hong Kong.
He said he wanted Rabvukwa to guarantee his loan application at Kingdom Bank using title deeds for his house.
According to State papers, Dube told Rabvukwa that the machine was valued at $1,238 million and that he had already paid $954 000 and was left with a balance of $284 000.
Dube said he was in turn going to sell the machine for $1,7 million to Eric Nhodza of Milbourne Pitt and Hardy.
In return, Dube promised to pay Rabvukwa $50 000 for assisting him, the court heard.
It is alleged that Dube applied for the loan claiming he wanted to supply the Brachy therapy machine to Avenues Clinic.
The court heard Rabvukwa later gave Dube title deeds to his Borrowdale house.
Dube obtained $284 000 from Kingdom Bank on condition that he was to pay back the money within 30 days.
He later said he was aborting the purchase, claiming HK Avata, the Hong Kong company he alleged was selling the machine, had unilaterally increased the invoice price.
Prosecutor Daniel Muchimbiri said Dube lied that he was buying the said machine and that it was to be supplied to Nhodza in a bid to secure Rabvukwa's title deeds.
He later failed to pay back the loan and the bank is now selling Rabvukwa's house to recover its money, the court was told.
Dube, however, denied misrepresenting facts and said he had since settled the debt after selling one of his properties.
Athanasius Daud Dube is now before the Harare Magistrates' Court facing fraud charges following claims that he failed to pay back the loan.
The complainant in the case is a fellow medical doctor Victor Tsindi Rabvukwa, according to State papers.
It being alleged that Dube invited Rabvukwa to meet him at Sam Levy Village in Borrowdale in Harare in June 2012, claiming he had urgent business to discuss and was desperate.
The court heard that during the meeting, Dube told Rabvukwa that he was running short of cash to clear a balance towards the purchase of a Brachy therapy machine from Hong Kong.
He said he wanted Rabvukwa to guarantee his loan application at Kingdom Bank using title deeds for his house.
According to State papers, Dube told Rabvukwa that the machine was valued at $1,238 million and that he had already paid $954 000 and was left with a balance of $284 000.
Dube said he was in turn going to sell the machine for $1,7 million to Eric Nhodza of Milbourne Pitt and Hardy.
In return, Dube promised to pay Rabvukwa $50 000 for assisting him, the court heard.
It is alleged that Dube applied for the loan claiming he wanted to supply the Brachy therapy machine to Avenues Clinic.
The court heard Rabvukwa later gave Dube title deeds to his Borrowdale house.
Dube obtained $284 000 from Kingdom Bank on condition that he was to pay back the money within 30 days.
He later said he was aborting the purchase, claiming HK Avata, the Hong Kong company he alleged was selling the machine, had unilaterally increased the invoice price.
Prosecutor Daniel Muchimbiri said Dube lied that he was buying the said machine and that it was to be supplied to Nhodza in a bid to secure Rabvukwa's title deeds.
He later failed to pay back the loan and the bank is now selling Rabvukwa's house to recover its money, the court was told.
Dube, however, denied misrepresenting facts and said he had since settled the debt after selling one of his properties.
Source - dailynews
