Top (RBZ) executives on US$780,000 fraud charges , bailed but remain in detention

Top  (RBZ) executives on  US$780,000 fraud charges ,  bailed but remain in detention

THREE top Reserve Bank of Zimbabwe (RBZ) executives accused of $780,000 fraud, were last week granted bail despite opposition from prosecutors who say they were a flight risk. However, they all remained in custody after the State invoked a legal provision that suspends bail pending appeal. Fidelity Printers and Refiners chief operating officer, Godknows Hofisi, 41, finance director, Tinashe Wellington Mbengegwi, 35, and finance manager, Ronald Madhara, 47 were granted $1,000 bail each by Harare…

Read More

3 Reserve Bank of Zimbabwe (RBZ), Senior excutives , face charges of US$780,000 fraud

3 Reserve Bank of Zimbabwe (RBZ), Senior excutives , face charges of  US$780,000 fraud

  A RESERVE Bank of Zimbabwe (RBZ) unit has dragged three senior executives and an accomplice to court accusing them of stealing US$780,000 from the company. Fidelity Printers and Refiners is the RBZ’s currency printing firm and also the country’s sole buyer of gold. The three top executives – Godknows Hofisi, 41, Tinashe Wellington Mbengegwi, 35, Ronald Madhara, 47, – were not asked to plead when they appeared before Harare magistrate Vakai Chikwekwe charged with…

Read More