Home » Governance » Ex-Minister Mangwana Defrauded of $100 000

PAUL Mangwana lost over $100 000 to his business partner who reportedly withdrew the money from their business account without informing the former cabinet minister.

This emerged Thursday after Mangwana dragged Trevor Mvere to court for defrauding him of $115 000 in illegal bank transactions.

Mvere was charged with fraud when he appeared before Harare magistrate Tendai Mahwe.

He was released from police custody on $400 bail.

As part of his bail conditions, Mvere was ordered to report once a week at a police station and reside at the given address.

Mvere was also ordered not to interfere with state witnesses.

Mangwana and Mvere are both directors of Green Aid (Pvt) Limited and signatories to the company’s bank account.

It is in the state’s matter that sometime in August 2014, Mvere was appointed the project manager responsible for overseeing the setup of Macadamia processing plant in Chipinge.

It is alleged that Green Aid later obtained a $400 000 loan from a Danish organisation called Best Seller Fund which was deposited into the company’s BancAbc account number 13443985502015.

During the period extending from September 30 last year to March 2015, on different occasions, Mvere would complete two withdrawal slips, one for the bank and the other one as a company copy, for each financial transaction which withdrawal slips would be signed by both Mangwana and Mvere.

During the same period Mvere would make withdrawals using retained company copies of withdrawal slips and convert the money to his own use.

He will appear again in court on June 1.

Source : New Zimbabwe