Former Turnall Holdings Private Limited finance director Kenias Horonga and Volcano Freight Services managing director, Sydney Chimberengwa yesterday appeared in court on allegations of fleecing more than $115 000 from Turnall in a botched asbestos deal.
The two appeared before Harare magistrate Rumbidzai Mugwagwa facing fraud changes and were not asked to plead to the charge before being remanded out of custody to January 31 on $500 each for their routine remand. It is alleged that in January 2015, Turnall Holdings engaged the services of Volcano Freight Services which was headed by Chimberengwa for freight clearance services.
It is alleged that as a result of this, Horonga (49) and Chimberengwa, (48) developed a close relationship. Prosecutor Audrey Chogumaira, told the court that on April 28, 2016, the two misrepresented the chairperson of Turnall Holdings, Rita Likukuma where they originated an e-mail stating that Volcano Freight Services had free offshore funds of $116 000 that could be used to buy asbestos fibre in Russia on behalf of Turnall. As a result, Likukuma approved the transaction and finance manager Norman Gwangwadza was instructed to pay $115 845 into Volcano Freight Services’ account which Chimberengwa and one of the directors who is still at large withdrew through transfers.
More: Herald
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