Man charged with $100k theft of trust property

A SUSPECTED Harare cash dealer, Fordias Nyerere, was dragged to court yesterday charged with theft of trust property after he allegedly converted his client’s $100 000 to own use.


Nyerere was granted $300 bail by magistrate Barbara Chimboza and remanded to May 29.

According to court papers, the complainant in the matter is Billy Tanhira, who is employed by Europium Investment (Pvt) Ltd.

It is the State’s case that on March 20 this year, Tanhira approached Nyerere and told him that he had a client by the name Spartan Investment, who wanted $200 000 cash.

Nyerere allegedly told Tanhira that he knew someone based in Zvishavane who could supply the required cash.

The State alleges Tanhira and Nyerere then entered into an agreement, whereby Tanhira was to transfer
$232 000 into Nyerere’s client’s account, of which Nyerere would receive $201 000 cash and hand it over to Tanhira.

It is alleged on March 26, the accused received $100 000 cash from Makanaka Investment in Zvishavane and he handed over only $80 000 to Tanhira the next day and converted $20 000 to own use.

The State alleges Nyerere further received two final payments of $50 000 on March 30 and April 2 respectively and he only handed over $30 000 before converting the balance to his own use.

The State alleges Tanhira suffered a total prejudice of $100 000.

Linda Gadzikwa prosecuted.

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