Home Southern Africa Zimbabwe Zimbabwe: Duo in Court Over Alleged U.S.$200k Ghost Loan Scam

Zimbabwe: Duo in Court Over Alleged U.S.$200k Ghost Loan Scam

A branch manager and loans officer at a local financial services company have appeared in court facing fraud and money-laundering charges after allegedly creating fictitious accounts and using them to secure loans worth about US$200 000.

Takudzwa Blessing Chikwature, a branch manager, and loans officer Michael Tinashe Mwoyondewenyu appeared before Harare regional magistrate Estere Chivasa.

The two were each granted US$200 bail and will return to court on 1 September for routine remand proceedings…

Read more on AllAfrica.com

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