Trio up for $4,2m fraud

HARARE - Three men have been arraigned before the Harare Magistrates' Courts after they allegedly grabbed a Chinese-owned company, thereby potentially prejudicing the owner of $4,2 million.

Washington Frera, 38, Vincent Tom Barris, 57 and Norman Ngoshi, 42, appeared before magistrate Tilda Mazhande last Friday, where they were each freed on $100 bail.

According to court papers, the three allegedly seized Shomet Industrial Holdings by fraudulently changing its ownership into their names.

This was done without the knowledge of the company’s director Yan Yu.

Allegations are that sometime in May last year, Shomet Industrial Holdings represented by Yu decided to borrow $2, 2 million together with her late husband, Zhaosheng Wu in a bid to develop their business.

According to court papers, the three got wind of this development and hatched a plan to defraud Yu and her husband.

It is alleged the trio used a fake agreement of sale to change the directorship of Shomet Holdings at the Registrar of Companies.

According to prosecutor Sabastian Mutizirwa, Yu suffered a potential prejudice of $4,2 million.

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