Genius “Ginimbi” Kadungure was granted a $1000 bail by High Court judge Justice Tawanda Chitapi after spending 5 days behind bars.
Kadungure is facing charges of over $3 million tax evasion, fraud and money laundering. Kadungure, who is being charged as the director of Piko Trading and Pioneer Gas, was last Friday not asked to plead when he appeared before magistrate Bianca Makwande, who remanded him in custody to November 30.
Through his lawyer, Jonathan Samukange, who instructed advocate Sylvester Hashiti, Kadungure had approached the High Court on appeal, after the Harare Magistrates’ Court threw out his bail application last Friday. He filed an appeal last Friday and the matter was heard on Saturday, before being postponed to yesterday for a ruling. Hashiti told the Daily News yesterday that the ruling could not be handed down, after Chitapi said he was still going through the submissions and case laws cited in the application.