This was revealed at the Harare Magistrates’ Court at the
weekend where Richard Samunda of Berven Capital in Milton Park was accused of
violating provisions of the Banking Act. He was not asked to plead to the
charges.
It is alleged that sometime in 2018, Samunda, acting in
common purpose with Berven Dzinoenda and Ambrose Chikukwa, who are still at
large, formed an unregistered company and called it Berven Capital.
It is further alleged they would take deposits from people
and invest in a yet to be established business and after six weeks they would
give the depositors their money back with interest of 50 percent.
On August 14, the police received information from the
Reserve Bank of Zimbabwe that the operations of Berven Capital were illegal and
were contrary to the Banking and Microfinance Act.
On the same day, police raided the company’s premises in
Milton Park and found them closed and learnt that Samunda had earlier turned
away over 200 people who were claiming their promised dues.
Samunda was remanded in custody to today for a bail ruling
after the State said he was not fit for pre-trial freedom.
Investigating
officer Edwin Hakuvori argued that Samunda was not a proper candidate for bail
considering the allegations he is facing.
His lawyers, however, argued that he had been acting in
good faith and cooperating with the police. Prosecutor Sebastian
Mutizirwa appeared for the State. Daily News
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