Home / News / Harare Woman Arrested for Swindling £134k, U.S.$70k Trust Funds

Harare Woman Arrested for Swindling £134k, U.S.$70k Trust Funds

A Harare woman, Laina Shumba was hauled before the Harare Magistrates court on charges of stealing trust funds.

The state alleges that during the period extended from December 13 2017 to June 28, Shumba generated four fraudulent copies of memorandum with forged signatures of the two trustees, Laina Banda and Peter Lloyd instructing FIM capital ltd to transfer funds to her relative Suwisai Musindire’s South African ABSA bank account.

It is further alleged that in the forged documents, Shumba endorsed a signatory as witness.

It is the state’s case that Shumba forwarded copies of the forged memorandum via the Geoffrey Jekyll Trust email address to FIM Capital ltd’s Mary Tait without the consent of the two trustees.

The copies purported that Geoffrey Jekyll Trust represented by its two trustees Banda and Lloyd had requested the Trust’s offshore investment administrator FIM Capital Ltd to transfer funds to Musundire who had been appointed a trustee of Geoffrey Jekyll Trust.

The funds were to be received through her ABSA bank account.

As a result of the misrepresentation, FIM Capital Ltd deposited £134 977.92 and US$70 000 into the given account.

Source : 263Chat

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