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