South African Businessman Swindles Zimbabwean Company US$500k

Meanwhile, a South African businessman Brent Greylish spent the weekend in remand prison after he allegedly swindled a local company US$500 000 dollars in an investment deal.

He was freed on a ZW$80 000 bail by a Harare magistrate on Tuesday.

The court ruled that the state had failed to provide compelling reasons to further detain Brent Greylish in remand prison.

It is alleged that Greyish failed to pay back a loan he took from the investment company.

Greylish, however, through his defence counsel Rungano Mahuni assisted by Allen Kadye argued that he owned up to the agreement, which was signed between the two parties clearly stating the payment methods done and he was prepared to stand trial to prove his case.

He is expected back in court on 7 February.

More: NewZimbabwe 

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