Man Appears In Court Over ZWL$ 53 Million Fraud
A 30-year-old Harare man has appeared before the Harare magistrates’ courts facing allegations of fraud, after allegedly defrauding Morgan and Co over ZWL$53 million.
The court heard that between February 2022 and November 2022, on various occasions, Kudakwashe Vukomba who was formerly employed as a Finance Manager hatched a plan to defraud Morgan and Co by raising requisition invoices purporting to make payments to Zimra, NSSA, Zimdef and Securities Exchange Commission.
Sometime in February 2023, Morgan and Co received an email from the Securities and Exchange Commission of Zimbabwe informing the company that it was in arrears. This prompted Morgan and Co to send proof of payments showing that they were not in arrears.
The Securities Exchange Commission of Zimbabwe dishonoured the proof of payment on the grounds that the ZB Bank Account number on the proof of payments did not belong to them.
Morgan and Co made internal investigations and discovered that the ZB account numbers of all proof of payments did not belong to the Securities Exchange Commission of Zimbabwe and instead belonged to Vukomba and his accomplices Theophilus Mapfurira, Rutendo Choruwa and Prince Mupangavanhu leading to a police report being filed and the arrest of Vukomba.
Harare Magistrate Dennis Mangosi granted Vukomba, ZWL$50 000 bail and remanded the matter to the 8th of May.