Tendai Rupapa Senior Court Reporter
THREE Fidelity Printers and Refiners employees who allegedly defrauded the country’s sole gold buyer of close to $800 000 through underhand dealings, were yesterday granted $2 000 bail each coupled with stringent conditions.
As part of their bail conditions, each one of them was ordered to deposit with the Clerk of Court surety worth $100 000.
However, they will remain in custody for the next seven days after the State invoked Section 121 of the Criminal Procedure and Evidence Act.
The section allows the State to hold suspects for a week while it considers appealing.
Chief operating officer and finance director Godknows Hofisi (41), senior finance manager Tinashe Mumbengegwi (35) and Ronald Madhara (47) an accountant, reportedly transferred $780 565 from Fidelity Printers and Refiners into a friend James Munemo’s bank account.
The friend owns a shelf company, Swisspack Enterprises (Pvt) Ltd.
They lied that Munemo had supplied gold to Fidelity Printers and Refiners.
It is alleged that Munemo would withdraw the money and share it with the trio.
Hofisi, Mumbengegwi, Madhara and Munemo yesterday appeared before Harare provincial magistrate Mr Vakayi Chikwekwe who granted them bail.
Mr Chikwekwe ordered them to surrender their passports.
In his ruling, he said there was no likelihood of them absconding or interfering with witnesses or investigations.
They were remanded to July 10.
They are being represented by Mr Gift Nyandoro and Mr Fred Gijima.
Prosecutor Mr Michael Reza alleged that sometime in 2008, Munemo opened a shelf company that was in the business of selling and fitting electrical gadgets.
During the period extending from October 2013 to September last year, Hofisi, Mumbengegwi and Madhara, who are the signatories to Fidelity Printers and Refiners bank account held at Stanbic, allegedly transferred $579 042 from their employer’s account into Swisspack Enterprises (Pvt) Ltd bank account also held at Stanbic.
It is further alleged that between December last year to April this year, a further $201 518 was again transferred into Swisspack Enterprises (Pvt) Ltd.
The court heard that an internal auditor unearthed the offence on June 4.