Prominent businessman Stephen Margolis up for theft

By ZBC Reporter
PROMINENT businessman, Stephen Margolis owner of the Margolis Resort among other properties was hauled before the courts this Wednesday on charges of theft of trust property after he allegedly failed to return a clients’ Honda Fit vehicle which was entrusted to him as surety.
Margolis (68) who appeared before Harare magistrate, Yeukai Dzuda denied failing to return Moline Rufaro Mapandu’s Honda Fit, which she gave him as surety when she used his wedding facilities and failed to pay the full amount at once.
Margolis denies the charges on the basis that Mapandu agreed with his company, not with him in his personal capacity. “I plead not guilty to the charges. She entered an agreement with my company, not me,” he said.
Allegations against the businessman are that on February 27 2016, Mapandu decided to use Margolis’ wedding facilities and the parties agreed on the hiring fees, with Mapandu making an initial payment of $1 100 and promising to settle the balance within six weeks.
The court heard that Mapandu then handed Margolis her Honda Fit as security.
Mapandu, according to the State, managed to raise the remaining amount and approached Margolis at his Margolis Plaza offices.
Upon her arrival, she was received by Margolis’ secretary who reportedly told her that he was out of the country and asked her to return once Margolis returned.
Magistrate Dzuda was told that Mapandu was shown an agreement of sale for the Honda Fit, a departure from their agreement. Mapandu complained to the police leading to his arrest. Margolis is expected back in court on February 18 for trial.