Mujuru nephew cleared of fraud

HARARE - 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. - Ivene Zhakata

Comments (2)

It was interesting to read an article about Mr Trynos Nkomo and defrauding a Dubai based company under the pretext of selling gold to them. I only wished that i had read this article before my company sent a total of USD 135,000.00 to Mr Nkomo (Mogul Mines Olympus Block, West Nicholson and Stoney Link Mining (PVT) LTD, PO Box 26 West Nicholson) in October of last year and am more than happy to share with the world the proof of payment and correspondence between him and us telling one story after another until it became apparent that he has been lying and had no intention of selling gold to us. He kept on promising to get the export documentation for the gold which never came. We then requested a full refund with bank interest as the funds had been borrowed from a commercial bank for the purchase and he said he would refund immediately. We again would be more than happy to share with the world the copies of the fake bank payments he sent to us that he had done from a commercial bank in Zimbabwe claiming to have affected the refund which has until date not reflected despite having a value date more than 2 months old. It is important that anyone trying to do business with Mr Nkomo recognizes him for the fraudster that he is and avoid him. We are now stuck with trying to figure out how to pay back the loan while Mr Nkomo must be having a laugh at yet another fool he has been able to obtain money from in the name of selling them gold. The case will be brought before the courts soon. Please publicize this to whatever extent you can to ensure that he stops what he is doing and probably go to jail where he belongs. Hopefully more people will read this article and save themselves the heartache that Mr Nkomo’s fraudulent ways has caused us.

GBOSKY - 23 May 2013

It was interesting to read an article about Mr Trynos Nkomo and defrauding a Dubai based company under the pretext of selling gold to them. I only wished that i had read this article before my company sent a total of USD 135,000.00 to Mr Nkomo (Mogul Mines Olympus Block, West Nicholson and Stoney Link Mining (PVT) LTD, PO Box 26 West Nicholson) in October of last year and am more than happy to share with the world the proof of payment and correspondence between him and us telling one story after another until it became apparent that he has been lying and had no intention of selling gold to us. He kept on promising to get the export documentation for the gold which never came. We then requested a full refund with bank interest as the funds had been borrowed from a commercial bank for the purchase and he said he would refund immediately. We again would be more than happy to share with the world the copies of the fake bank payments he sent to us that he had done from a commercial bank in Zimbabwe claiming to have affected the refund which has until date not reflected despite having a value date more than 2 months old. It is important that anyone trying to do business with Mr Nkomo recognizes him for the fraudster that he is and avoid him. We are now stuck with trying to figure out how to pay back the loan while Mr Nkomo must be having a laugh at yet another fool he has been able to obtain money from in the name of selling them gold. The case will be brought before the courts soon. Please publicize this to whatever extent you can to ensure that he stops what he is doing and probably go to jail where he belongs. Hopefully more people will read this article and save themselves the heartache that Mr Nkomo’s fraudulent ways has caused us.

GBOSKY - 23 May 2013

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