Businessman in court on allegations of US$200 000 fraud

By Peter Chivhima


A Harare businessman has appeared in court facing allegations of fraud involving US$200 000.


Circumstances are that sometime in 2020, Ofer Sivan and Mynburg Cassandra, who is still at large, forged the signature of his co-director Gilad Shabtai at Stanbic bank.


The court heard that Sivan had the intention of deceiving bank officials to open bank accounts for another company, Adlecraft, under false pretence that Shabtai was one of the directors.


It is alleged that after forging the documents, Sivan and Cassandra proceeded to Stanbic Borrowdale branch where they handed over the documents.


It is alleged that acting on forged documents Stanbic bank opened two accounts in the name of Adlecraft and Sivan became the sole signatory to the two bank accounts.


The matter came to light last year after Munyaradzi Gonyora a minority shareholder discovered the shenanigans and raised the red flag to the Zimbabwe Anti-Corruption Commission.


Investigations revealed that Adlecraft shareholders were prejudiced more than US$200 000 through the forged documents.


The accused was remanded in custody to this Thursday.


Still at the courts, the trial of Police Commissioner Erasmus Makodza, who is accused of criminal abuse of office continued this Wednesday with the top cop hoping to be exonerated.


Makodza was arrested by the Zimbabwe Anti-Corruption Commission for allegedly concealing a personal transaction involving the police force when he was officer commanding Mashonaland East Province in 2019.


In his defence, Makodza submitted that all the witnesses called by the State to testify exonerated him.


Makodza also argued that he did not benefited from Jeriel Pvt Ltd as alleged by Eric Chacha who is investigating the matter.


He will be back in court on the 18th of this month for continuation of trial.

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