Source: South African suspected fraudster in court for attempting to defraud RBZ – herald
Herald Reporter
A SUSPECTED South African fraudster Dan Bert Salmon purportedly representing E.1.G Global Trust, a fiduciary trust hiding behind an investment has appeared in court on allegations of defrauding the Reserve Bank of Zimbabwe.
Salmon, who is being represented by Mr Tungamirai Muganhiri, was facing fraud charges when he appeared before Harare regional magistrate Mrs Marehwanazvo Gofa.
He was granted US$1 500 bail.
It is the State’s case that sometime in August 2025, the accused, acting in connivance with co-accused persons who are trustees of E.1.G Global Trust, misrepresented to the RBZ by claiming that E.1.G Global Trust intended to invest a total of US$5 billion for both commercial and social benefits to the nation of Zimbabwe.
The accused further alleged that E.I.G Global Trust possessed assets valued at approximately US$5 trillion, recorded by the Federal Reserve Bank, and maintained a financial relationship with the Bank of International Settlements (BIS).
Acting upon the misrepresentation and as part of due diligence, the RBZ engaged the Federal Reserve Bank of New York on September 19 2025 to verify the accused’s claims and the relationship with BIS.
The Federal Reserve Bank of New York, as well as the Bank of International Settlements, explicitly distanced themselves from any such business proposals or relationship with E.1.G Global Trust, and confirmed that they had no connection with him or E.1.G Global Trust.
The court heard that on September 23 2025, the accused followed up on his previous submissions to the Reserve Bank of Zimbabwe leading to his subsequent arrest.
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