News / National
US$112k vanishes in diaspora voucher scam
2 hrs ago | 7 Views
The Zimbabwe Republic Police (ZRP) has launched investigations into Wafaya (Private) Limited following allegations that the company defrauded a local wholesaler of US$112,000 through a suspected money-laundering scheme.
The company, operated by 42-year-old Spencer Valentines Meares, runs an online platform aimed at Zimbabweans in the diaspora. The platform enabled users abroad to purchase vouchers redeemable for goods and services at selected outlets in Zimbabwe.
Police say Wafaya entered into an agreement with a local wholesaler to honour the vouchers and allow customers to collect goods from its stores. However, while vouchers were redeemed, the company allegedly failed to deposit the corresponding cash into the wholesaler’s account.
Authorities allege that Meares used multiple individuals to collect goods on behalf of Wafaya, resulting in losses amounting to US$112,000.
Meares has been arrested, and the ZRP’s Commercial Crimes Division continues to investigate the matter.
The company, operated by 42-year-old Spencer Valentines Meares, runs an online platform aimed at Zimbabweans in the diaspora. The platform enabled users abroad to purchase vouchers redeemable for goods and services at selected outlets in Zimbabwe.
Police say Wafaya entered into an agreement with a local wholesaler to honour the vouchers and allow customers to collect goods from its stores. However, while vouchers were redeemed, the company allegedly failed to deposit the corresponding cash into the wholesaler’s account.
Authorities allege that Meares used multiple individuals to collect goods on behalf of Wafaya, resulting in losses amounting to US$112,000.
Meares has been arrested, and the ZRP’s Commercial Crimes Division continues to investigate the matter.
Source - online
