Varun Beverages lost US$250 000 in cash to two of its employees, a court in Harare has heard.
Vitalis Masikati and Elvis Muzvidzwa, who were represented by Desire Chidanire, appeared before magistrate Stanford Mambanje facing fraud, theft and money laundering charges.
The duo was remanded in custody to today for bail ruling.
Allegations are that Muzvidzwa used to collect various amounts of cash from the company’s sales representatives and would surrender it to Masikati who did not forward it to the company.
It is alleged that Masikati would then provide fake information to the company that it had received the cash.
After stealing the money, the two acquired various properties including a house which still needs verification, motor vehicles and started various businesses.
Newsday
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More