News / National
Cash deal backfires
16 Aug 2016 at 06:56hrs | Views
A Harare businessman, Muvengwa Mutyanda and his employee allegedly swindled Megalink (Pvt) Ltd of $150 000 after agreeing on hard cash in exchange of a bank transfer deal.
The director of Weph Commercial Agencies, Mutyanda (52) and his employee Collins Makombe (29) appeared before Harare magistrate Mr Tendai Mahwe facing fraud charges.
The complainant in the matter is Megalink (Pvt) Ltd represented by Mr Lloyd Paratambwa.
The prosecutor, Mr Sebastian Mutizirwa alleged that on July 13, Makombe approached Paratambwa and advised him that he was an Econet agent.
He added that he was realising about $40 000 daily from selling bulk airtime, it is alleged.
Makombe allegedly sweet-talked Paratambwa that he could assist him with hard cash since he was facing challenges accessing money from the bank.
The court heard that the complainant, who was in need of cash, got interested and agreed to transfer $150 000 into Mutyanda 's CBZ bank account.
Makombe allegedly agreed to pay Paratambwa $40 000 daily starting from July 15 until he completed the money. After receiving the transfer, it is alleged the pair transferred the money into Econet Zimbabwe account to settle Mutyanda's company debts.
The pair allegedly became evasive prompting, Paratambwa to report the matter to the police.
Paratambwa lost $150 000 and nothing was recovered.
The director of Weph Commercial Agencies, Mutyanda (52) and his employee Collins Makombe (29) appeared before Harare magistrate Mr Tendai Mahwe facing fraud charges.
The complainant in the matter is Megalink (Pvt) Ltd represented by Mr Lloyd Paratambwa.
The prosecutor, Mr Sebastian Mutizirwa alleged that on July 13, Makombe approached Paratambwa and advised him that he was an Econet agent.
He added that he was realising about $40 000 daily from selling bulk airtime, it is alleged.
Makombe allegedly sweet-talked Paratambwa that he could assist him with hard cash since he was facing challenges accessing money from the bank.
The court heard that the complainant, who was in need of cash, got interested and agreed to transfer $150 000 into Mutyanda 's CBZ bank account.
Makombe allegedly agreed to pay Paratambwa $40 000 daily starting from July 15 until he completed the money. After receiving the transfer, it is alleged the pair transferred the money into Econet Zimbabwe account to settle Mutyanda's company debts.
The pair allegedly became evasive prompting, Paratambwa to report the matter to the police.
Paratambwa lost $150 000 and nothing was recovered.
Source - the herald
