ZIMBABWE National Parks and Wildlife Management Authority (ZimParks) spokesperson Tinashe Farawo has been defrauded of US$7 500 in a botched joint partnership with Steeltag Investments to purchase maize.
This emerged yesterday when Steeltag Investment director
Terrence Madiro (40) appeared before Harare magistrate Ruth Moyo to answer to
fraud charges.
He was remanded in custody to August 17 for a trial date.
Allegations are that sometime in July and August 2020,
Farawo and his brother engaged Madiro to buy maize, and package it as maize
meal for resale.
Court papers state that the terms of the agreement were
that Farawo and his brother would pay a sum of US$7 500 as initial capital
within a period of two weeks.
The terms of the joint partnership indicate that the money
would be returned, and the profit would be re-invested into the business, while
proceeds would be shared as profit at 50% for the initial six months.
Madiro was sent a total of US$7 500 through World Remit
since the complainant was outside the country.
Three months after the deal the project never materialised
with Madiro keeping on giving excuses and empty promises.
Pardon Dziva prosecuted. Newsday




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