Businessman up for money laundering

News
It is alleged that on July 21, Muringi transferred US$85 000 to the complainant’s Zambian account for the purchase of fuel after signing a deal.

A Harare businessman has  appeared in court facing charges of laundering US$85000.

Shing Muringi, who appeared before magistrate Munashe Chibanda on Thursday, was granted US$500 bail.

The complainant in the matter, Tembinkosi Chigogwana of Rukbury Enterprises, reported Muringi to police over a botched US$85 000 fuel deal.

It is alleged that on July 21, Muringi transferred US$85 000 to the complainant’s Zambian account for the purchase of fuel after signing a deal.

Prosecutors said on July 27, Muringi reversed the transaction.

The court heard that Muringi used the money to buy a Toyota Hilux.

A police report was made leading to his arrest. 

Related Topics

Stanley Masaiti’s moving send-off
By The Southern Eye Aug. 28, 2022
Chipinge suffers brunt of human wildlife conflict
By The Southern Eye Aug. 28, 2022
Rapist terrorises own family
By The Southern Eye Aug. 28, 2022
Human rights bodies  move to address xenophobia
By The Southern Eye Aug. 28, 2022