Nabbed for fraud, money laundering
9 July 2018
AN AVONLEA man is up for fraud and money laundering after he was arrested on allegations of misrepresenting himself as one of the directors of a micro-finance company.
Police Criminal Investigation Department (CID) spokesperson Detective Assistant Inspector Portia Chinho confirmed the arrest of Brian Simbarashe Bvunzawabaya, 40.
She appealed to members of the public to help with information that may lead to the arrest of his accomplice Raymond Tendayi Josiah aged 48 of Borrowdale who is still at large.
“The Zimbabwe Republic Police, CID Commercial Crimes Division Northern Region has arrested Brian Simbarashe Bvunzawabaya for fraud and money laundering cases,” said Detective Chinho.
“The cases occurred during the period extending from October 2017 to February 2018.
“On October 2017 the duo met with the complainant who was looking for a loan of hundred thousand dollars and the suspects misrepresented themselves as directors of Epikaizo Asset Finance (Private) Limited Zimbabwe, a micro finance company.
“They lied that it was a subsidiary of a South African Company and the two offered the complainant the loan on condition that she paid 30 percent of the loan amount as a security deposit.
“On 5 February 2018, the complainant deposited $22 000 in Brian Simbarashe Bvunzawabaya’s bank account and was assured that the loan would be processed in three weeks.
“After the lapse of three weeks the complainant did not receive the money and she made a follow up which made her realise that she had been duped and she reported the case.
“Using the same method of operation, between the period extending from January 2018 to February 2018, the suspects duped another complainant who is into transport business in Chiredzi.
“Complainant wanted to acquire a Freightliner Agos Truck worth ZAR 225 000 from South Africa. He was offered the loan on condition that he paid 30 percent of the loan amount as a security deposit.
“Complainant deposited $4 565 into the suspect’s local bank account and ZAR16 500 into FNB South Africa.
“He was informed that the loan would be deposited into his account after three weeks and when the time lapsed without yielding positive results, complainant reported the matter to the police,” said Detective Chinho.
She said police would like to warn the public to be wary of companies or individuals who require them to advance money as a pre-requisite for services.
“As police we are saying crime prevention begins with an individual and urge members of the public to exercise due diligence and make preliminary checks before engaging into money deals.
“The CID CCD is appealing for all who were duped by the suspects to come forward and report or contact CID Commercial and Crimes Division Northern Region on (0242) 709147 or the national complaints desk on (0242) 70631 or any nearest police station.
ZRP VERIFYING BORROWDALE GOLD, CASH
Police spokesperson Chief Superintendent Paul Nyathi said the Zimbabwe Republic Police are still verifying the origins of the 98kg of gold and cash, which were recovered at a company premises in Borrowdale last Thursday.
“Investigations are being conducted in consultation with other relevant state institutions such as the Reserve Bank of Zimbabwe and Fidelity Printers.
“The gold and cash have since been secured by monetary authorities in the country and members of the public will be advised in due course on the progress of the verification process,” said Chief Supt Nyathi.
In another case, Chief Supt Nyathi confirmed the arrest of two men found in possession of 45 boxes of 50 by 100mls of broncleer cough syrup hidden in their bus smuggled from South Africa.
He warned drug dealers and smugglers that the long arm of the law will always catch up with them.
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