Zexcom member up for $18 000 fraud

BULAWAYO – A coordinator of the Zimbabwe Ex-combatants Investment Fund (Zexcom) is in trouble with the law after he allegedly embezzled over $18 000 of the organisation’s funds.

Shelter Mpofu (age not given) appeared before Bulawayo Magistrate Crispen Mberewere on two counts of fraud and contempt of court.

The court heard that between February 2 and September 6 in 2011, Mpofu approached tenants at Zexcom-owned buildings namely Fairmind Stationers, Ultra Parts and Bulawayo Bearing Supplies and misrepresented to them that monthly rentals were to be forwarded to him, knowing well that he did not have the authority to collect them.

The said companies as a result forwarded their monthly rentals to the ex-combatant leader who in turn issued receipts to the tenants as proof of payment.

Instead of handing over the money to the provisional liquidator or banking it in a Zexcom account, prosecutor Jeremiah Mutsindikwa alleged that Mpofu converted the money to personal use. The complainant Victor Muzenda was dully appointed in 2009 as a provisional liquidator to the troubled company by the High Court, the court heard.

Muzenda’s duties, among others, were to take control of all assets owned by Zexcom as well as collecting rental payments from tenants occupying all the organisations’ buildings.

But, instead of complying with the High Court order and with intent to impair the dignity, reputation or authority of the court, Mpofu disregarded and continued taking charge, collecting rentals from the same institutions.

Mpofu was arrested for prejudicing Zexcom of a total of US$18 296.

He is out of custody and will return to court on July 2.

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