Gudyanga Faces Fresh $1,6 Million Fraud Charge

Former Mines and Mining Development permanent secretary, Francis Gudyanga, appeared before Harare magistrate Ms Rumbidzai Mugwagwa yesterday facing fresh fraud charges after he allegedly defrauded the Mineral Marketing Corporation of Zimbabwe (MMCZ) of US$1 629 500. He was ordered to pay $500 as bail and remanded to October 2.

The complainant in the case is the MMCZ which is being represented by its board chairperson, Mr Ambrose Made. From September 2014 to December 2015, Gudyanga, acting as the permanent secretary of Mines and Mining Development, ordered MMCZ to pay US$1 629 500 to Glammer Private Limited through Pedstock Investments, as Glammer was a foreign company.

He also allegedly lied that the money was to be accounted for as part of the dividends to the Government of Zimbabwe. MMCZ released the money to Pedstock Investments. It was later discovered that the money had nothing to do with MMCZ and it was not being paid to the Government of Zimbabwe, but instead was to be used in a fraudulent arrangement Gudyanga had made. Gudyanga is also facing corruption charges alongside former Mines and Mining Development Minister, Walter Chidhakwa. Their trial is scheduled to commence on September 11.

More: Chronicle

To Comment, please click here

Featured Profiles

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.

Back to top

Write a Comment

Your email address will not be published.