Kadungure seeks relaxed bail conditions

HARARE - Harare  business tycoon Genius Kadungure, who is facing R1,5 million fraud charges, is applying for relaxation of stringent bail conditions imposed during his initial court appearance in May.

Kadungure, famed for holding glitzy all-white parties, was granted $1 500 bail, coupled with tough bail conditions including reporting at CID Serious Fraud Squad every Monday to Friday, residing at his given address and to desist from interfering with state witnesses.

The flamboyant tycoon appeared before Harare magistrate Tendai Mahwe for his routine remand yesterday before his lawyer Tafadzwa Hungwe gave notice of his intentions to lodge the application today.

The State alleges that Kadungure swindled Zanu PF MP for Chegutu West, Dexter Nduna, who is the managing director of Badon Enterprises (Pvt) Ltd, and a Kadoma-based miner only identified as Gatawa of R1 581 890.

It is the State’s case that sometime in November 2012, Kadungure and his accomplices created a fictitious company named Transco Civil Engineering purportedly based in South Africa and opened an Absa account for the company.

The State’s alleges that Kadungure created an e-mail account named procurement@marangediamonds.com, pretending to be a legitimate representative of Marange Resources.

He then allegedly contacted the complainants over the phone and misrepresented himself as the chief buyer for Marange Resources, looking for mining pumps at competitive prices.

He allegedly referred complainants to his bogus company, Transco Civil Engineering in South Africa, on the pretext it was a recommended supplier for the pumps.

On December 4, Gatawa sent his brother Enock to South Africa to purchase the pumps. He was ordered to deposit R1 046 890 for the purchase of 10 flight pumps in the Absa bank account.

After the transfers, Enock was told by Transco Civil Engineering “officials” to go back to Zimbabwe and check for his parcel with DHL in three days.

On December 12, Gatawa went to DHL Airport branch to collect the pumps and was shocked to receive a parcel of cellphone chargers, instead.

Comments (2)

On December 12, Gatawa went to DHL Airport branch to collect the pumps and was shocked to receive a parcel of cellphone chargers, instead.

NDASEKA ZVANGU - 30 July 2014

"tough bail conditions including reporting at CID Serious Fraud Squad every Monday to Friday, residing at his given address" Since they didn't take my passport on Saturday I will make a trip across the border.......never to be seen again.

Marshall - 30 July 2014

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