Former Mines Secretary’s $1,6 Million Fraud Case Postponed To Next Year

Former Mines and Mining Development secretary Francis Gudyanga’s case has been postponed to January 15 next year.

Gudyanga allegedly made fraudulent payments of $1,6 million from the Minerals Marketing Corporation of Zimbabwe (MMCZ) coffers to Glammer (Pvt) Ltd, a foreign company through a local agricultural company, Pedstock. Gudyanga (69) was further remanded after the State requested a postponement, so that they could get a statement from the Zimbabwe Republic Police, where some of the funds were funnelled. Gudyanga is on $500 bail.

It is the State’s case that between September 2014 and December 2015, Gudyanga, acting in his capacity as the Mines and Mineral Development secretary, and sometimes as chairperson of then nonexistent MMCZ board, misrepresented that they paid $1 629 500 to Glammer (Pvt) Ltd, a foreign company through a local agricultural company, Pedstock.

Gudyanga further misrepresented that the money be accounted to as dividends due to the government as a stakeholder. MMCZ, acting on Gudyanga’s misrepresentation, released the $1 629 500 to Pedstock when the money was not being paid to government as dividend but for a private arrangement which had nothing to do with MMCZ.

More: NewsDay

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