BULAWAYO provincial magistrate Tawanda Muchemwa was yesterday quizzed by the police for allegedly defrauding troubled pawnbroker Perfect Shot of property worth about $130 000, which included household goods and trucks.
STAFF REPORTER
Perfect Shot Investments chairperson Kelvin Mazhandu made a report at Bulawayo Central Police Station on Monday at around 2pm (CR 36/03/14) implicating Muchemwa in the looting of his troubled company.
Muchemwa is being accused of defrauding Perfect Shot Investments’ furniture shop of several double-door fridges, smart TVs, an ERF Tipper truck and a Haulage truck worth a combined value of about $130 000.
Bulawayo provincial police spokesperson Inspector Mandlenkosi Moyo yesterday said such information had not reached his office, but would check.
However, a source close to the case told Southern Eye that Muchemwa was summoned yesterday by detectives for questioning on the matter, but has not been arrested.
“He was summoned to CABS Building by detectives from the criminal investigations department Serious Fraud Section.
“He was questioned over the matter, but not arrested. Police are still looking into the matter and from the look of things, he will appear in court soon,” said the source.
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The complainant, Mazhandu, owes hundreds of investors from Bulawayo and surrounding areas about $1 million from his now defunct pyramid scheme.
He placed adverts in local newspapers misrepresenting to the public that Perfect Shot Investments had been authorised to accept deposits from the public.
Perfect Shot Investments allegedly invited people to deposit their money promising to pay between 30% and 35% interest per month.
Mazhandu would draw a contract form with clients where they provided their identity details and the amount invested.
Hundreds of people fell for the scheme in the process losing thousands of dollars after it collapsed.
He first appeared in court on August 30 2013 where he was charged under Section 136 of the Criminal Law (Codification and Reform) Act Chapter 9:23 (Fraud) and pleaded guilty.
His case is still pending in the Bulawayo Regional Court.
