Breaking News

Solomon Mujuru's nephew cleared of fraud

by Staff reporter
23 January 2013 | 3969 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

Could there be war if Grace Mugabe becomes President?

Yes
76.08%
No
8.63%
Who cares?
15.29%
255

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Highlanders slapped with $3000 fine

by Staff reporter | 23 October 2014 | 515 Views

Tobacco farmers should opt for other crops

by Peacemaker Zano | 23 October 2014 | 532 Views

Smear campaigns intensify ahead of MDC-T congress

by Staff reporter | 23 October 2014 | 693 Views

Police assault, detain Newsday reporter - Police in Harare yesterday a...

by Staff reporter | 23 October 2014 | 904 Views

'No death sentence on women' - Concourt yesterday admitted that death ...

by Staff reporter | 23 October 2014 | 502 Views

Bhobho to replace Madzongwe - Zanu-PF wants Women's League deputy secr...

by Staff reporter | 23 October 2014 | 1132 Views

Temba Mliswa in no man's land

by Staff reporter | 23 October 2014 | 1034 Views

Bribery scam rocks Zanu-PF - In a dramatic twist to the worsening Zanu...

by Staff reporter | 23 October 2014 | 1055 Views

Stop abusing Grace Mugabe, says war vets

by Staff reporter | 23 October 2014 | 1036 Views

Panic hits Mujuru camp

by Staff reporter | 23 October 2014 | 1608 Views

Plumtree - Mutare highway almost complete - Rehabilitation of the Plum...

by Staff reporter | 23 October 2014 | 513 Views

Econet upgrades its call centre

by Staff reporter | 23 October 2014 | 342 Views

Cash strapped Bulawayo Council leases property

by Staff reporter | 23 October 2014 | 435 Views

Security guard nabbed for raping woman in her self

by Staff reporter | 23 October 2014 | 1134 Views

VP aspirant Mphoko sucked in messy land fight - ZANU PF vice president...

by Staff Reporter | 23 October 2014 | 1178 Views

Coca-cola's Amai campaign? - WhatsApp update

by Concerned Citizen | 23 October 2014 | 1433 Views

'Callistus Ndlovu educated but empty,' says NK Ndlovu - ZANU PF Vice P...

by Staff Reporter | 23 October 2014 | 1331 Views

Byo magistrate chides couple over grade 7 drop out son

by Court reporter | 23 October 2014 | 823 Views

Gweru Council workers down tools over unpaid salaries - GWERU City Cou...

by Staff reporter | 23 October 2014 | 469 Views

Knife-wielding woman stabs hubby's small house

by Court reporter | 23 October 2014 | 1138 Views

Drunken lodger assaults undressed fellow tenant

by Court reporter | 23 October 2014 | 1255 Views

Mobile operators ordered to reduce high tariffs

by Business reporter | 23 October 2014 | 1063 Views

Man assaulted for associating new Tuku song to First Lady - A Bulawayo...

by Bhebhe Mandla | 23 October 2014 | 2157 Views

Mujuru hits back at Grace Mugabe

by Staff Reporter | 23 October 2014 | 4513 Views

Obert Mpofu's newspaper struggles to pay salaries

by Staff Reporter | 23 October 2014 | 1463 Views

Grace Mugabe summons war veterans

by Staff reporter | 23 October 2014 | 1415 Views

'Grace Mugabe must stop attacking journalists in public'

by Staff reporter | 23 October 2014 | 859 Views

Mugabe chickens out, defers politburo again

by Staff reporter | 23 October 2014 | 2109 Views

Man axes uncle, hangs himself

by Staff reporter | 23 October 2014 | 747 Views

Man hangs self for 'impregnating a cousin'

by Staff reporter | 23 October 2014 | 1252 Views

Entertainment

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 541 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2429 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 4731 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1377 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2383 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1667 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 1923 Views

Grace Mugabe honoured in song - Dancehall outfit Final Warning has rel...

by Tawanda Marwizi | 15 October 2014 | 2376 Views
iBlog