By Staff Writer
TWO Harare lawyers have appeared before magistrate Marehwanazvo Gofa facing allegations of fraud involving US$500 000.
Martin Murimirambewa(53) from Mapaya and Partners and Shakespear Karuwa (55) a conveyancer at Karuwa and Associates were granted US$100 bail each and remanded to September 3 pending finalisation of investigations.
The complainant is Monoliser Investments (Pvt) Ltd, represented by Chamunorwa Matsika.
State prosecutor Lancelot Mutsokoti alleged that sometime in June 2009, Matsika, a co-director and beneficial owner of Monoliser Investments (Pvt) Ltd borrowed US$30 000 from Frank Buyanga, the director for Hamilton Property Ltd, for working capital purposes.
An agreement of sale for properties Lot 1 and Lot 2 of Mvagazi in the district of Hurungwe under deed of transfer 565/2008, worth over US$500 000-00 was drafted as a means of collateral security for the loan.
Sometime in November 2009, Matsika made efforts to pay back the debt but discovered that Buyanga’s office had been closed.
The court heard that the complainant made efforts to contact Buyanga and staff members but their phones were no longer reachable.
It is alleged that Matsika came across an article in one of the daily newspapers that Buyanga was on the run for having defrauded about 42 people who had borrowed money from him.
