Breaking News

Solomon Mujuru's nephew cleared of fraud

by Staff reporter
23 January 2013 | 3434 Views
Tendayi Mundawarara, the NMB Bank chairperson and nephew of the late Solomon Mujuru, is a free man after the State has dropped charges against him for allegedly swindling a Dubai jewellery company of $430 000.




The young businessman had been accused of duping Kalotti Jewellery (Kalotti) of cash under an 8,5kg of gold exchange deal.

Although Mundawarara had been charged with Trynos Nkomo, president of the Zimbabwe Minerals Federation, Harare magistrate Tendai Mahwe freed him after it was successfully established that he was not part of the commercial arrangement.

Under the State's case, Mundawarara's Beaver Mining had allegedly entered into an agreement with Kalotti for the gold export deal and had even worked with Nkomo to open an account with his bank.

Subsequently, the ex-Ukubambana Kubatana Investments boss allegedly instructed Kalotti to deposit nearly half-a-million dollars in the local accounts, with Nkomo withdrawing the money, but the Middle Eastern-based firm suffered a prejudice of $280 000 as only 3,5kg gold was recovered, State papers say.

Meanwhile, Nkomo - who is yet to be cleared on the charges - will be back in court next week Monday.

Mujuru Nephew Fraud

Source: dailynews

Comments

Latest News

Victoria Falls to house arts unversity - Government is planning to se...

by Thobekile Zhou | 04 May 2016 | 472 Views

Zimbabwe parliament building risked explosion - Speaker Mudenda - Parl...

by Thobekile Zhou | 04 May 2016 | 976 Views

West Hands Off Zimbabwe's Internal Affairs - Diplomat William M. Bella...

by Sparkleford Masiyambiri | 04 May 2016 | 698 Views

ZimPF has nothing to offer to Zimbabweans - Little known Zimbabwe Peop...

by Peacemaker Zano | 04 May 2016 | 496 Views

ZANU PF has not failed workers - It is a fascinating paradox to say th...

by Stewart Murewa | 04 May 2016 | 475 Views

Govt struggle to kick-start school feeding project - The much talked a...

by Thobekile Zhou | 04 May 2016 | 434 Views

'Hostile lynch mob' bays for Bulawayo Mayor's blood

by Thobekile Zhou | 04 May 2016 | 751 Views

BCC officials embark on investment and twinning trip to China - Five t...

by Thobekile Zhou | 04 May 2016 | 420 Views

BCC deny War Vets ministry land - Bulawayo City Council has declined t...

by Thobekile Zhou | 04 May 2016 | 567 Views

Zimbabwe enforces usage of South African Rand - The Reserve Bank of Zi...

by Staff reporter | 04 May 2016 | 2453 Views

'Mnangagwa is unelectable' - The boycott by workers of the government-...

by Staff reporter | 04 May 2016 | 1213 Views

MDC-T sends confusing signals, upholds poll boycott stance - Morgan Ts...

by Staff reporter | 04 May 2016 | 651 Views

Demo against national pledge banned - Police here banned the first ant...

by Staff reporter | 04 May 2016 | 805 Views

Mnangagwa's wife lands top Pan African Parly post - Chirumhanzu-Zibagw...

by Staff reporter | 04 May 2016 | 899 Views

Rueben Barwe's wife dies - The Zimbabwe Broadcasting Corporation has p...

by Staff reporter | 04 May 2016 | 2483 Views

Mugabe's ex-teacher dies

by Staff reporter | 04 May 2016 | 1563 Views

RBZ sets withdrawal limits - The Reserve Bank of Zimbabwe has introduc...

by Staff reporter | 04 May 2016 | 1719 Views

Harare councillor dies

by Staff Reporter | 04 May 2016 | 3149 Views

True Christians created to rule

by Khumbulani Maphosa | 04 May 2016 | 1428 Views

Female cop begs colleague to wear condom before being raped - A female...

by Staff rerporter | 04 May 2016 | 10516 Views

Mphoko, Mnangagwa fight over Joshua Nkomo

by Staff reporter | 04 May 2016 | 6525 Views

Watercolor artist to showcase artwork at Zim Achievers

by Tidi Kwidini | 04 May 2016 | 1219 Views

Bosso top striker dragged into match-fixing scandal - HIGHLANDERS top ...

by Sports writer | 04 May 2016 | 3959 Views

Addressing people's anger is the answer, not muzzling the media - As t...

by Tendai Ruben Mbofana | 04 May 2016 | 1342 Views

Obscure multi-currency usage blamed for cash shortages -RBZ - The Rese...

by Staff reporter | 04 May 2016 | 2317 Views

Queen Elizabeth's mother visited disputed top Mugabe's aide farm - COL...

by Itai Mushekwe | 04 May 2016 | 3873 Views

MP Cross calls for alignment of 400 Acts to new constitution - to what...

by Wilbert Mukori | 04 May 2016 | 1056 Views

First Sci-fi novel in Shona relaunched - Muna Hacha Maive Nei? The fir...

by Belontos Books | 04 May 2016 | 878 Views

Entertainment

Dr Rebecca Malope to perform in Birmingham

by Admore Tshuma | 04 May 2016 | 662 Views

Charambas to unleash new gospel videos - Gospel music star Charles Cha...

by Staff reporter | 04 May 2016 | 541 Views

Tupac's mother, Afeni Shakur Davis, dies at 69

by Staff Reporter | 04 May 2016 | 2272 Views

'Ekhweni lami' a classic value for money project

by Vusmann | 03 May 2016 | 1456 Views

Macheso relishes SA tour - "We have performed in South Africa before, ...

by Tawanda Marwizi | 03 May 2016 | 1542 Views

Maita crowned Miss Africa Zimbabwe - Harare beauty, Maita Kainga was c...

by Bongani Ndlovu | 02 May 2016 | 2191 Views