News / National
Tycoon up for $2,3 million fraud
05 Sep 2014 at 10:54hrs | Views
Proprietor of Pioneer Transport Company, Simon Wilburn Rudland, yesterday appeared at the Harare Magistrates Court charged with $2, 3 million fraud after he allegedly transferred his business partner's property into his empire using forged documents.
Rudland (43) was not asked to plead when he appeared before regional magistrate Noel Mupeiwa on summons and was remanded out of custody to September 25 for trial.
According to the court papers forming part of the court record, Rudland is a representative of a firm called Ramsway Investment which entered into an acknowledgement of debt with the complainant Future Chirango Muvirimi.
One of the conditions of the agreement of the debt was that Rudland would sell one or all of the properties in the event that Muvirimi defaulted payment.
The agreed terms were that Rudland would do so after notifying Muvirimi and the two agreeing on the prices of the properties.
On December 9 2009, it is alleged, Rudland disbursed R300 000 to Muvirimi and then spread the other payments up to January 5 2010 and the amount totalled R5 600 000 which was equivalent to $700 000 at the time.
Rudland (43) was not asked to plead when he appeared before regional magistrate Noel Mupeiwa on summons and was remanded out of custody to September 25 for trial.
According to the court papers forming part of the court record, Rudland is a representative of a firm called Ramsway Investment which entered into an acknowledgement of debt with the complainant Future Chirango Muvirimi.
One of the conditions of the agreement of the debt was that Rudland would sell one or all of the properties in the event that Muvirimi defaulted payment.
The agreed terms were that Rudland would do so after notifying Muvirimi and the two agreeing on the prices of the properties.
On December 9 2009, it is alleged, Rudland disbursed R300 000 to Muvirimi and then spread the other payments up to January 5 2010 and the amount totalled R5 600 000 which was equivalent to $700 000 at the time.
Source - newsday
