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Dynamos Official Duped Of US$7 500

Dynamos Official Duped Of US$7 500

Dynamos Football Club spokesperson Tinashe Farawo lost US$7 500 in a botched joint partnership with Steeltag Investments to purchase maize.

The matter came to light on Monday when Steeltag Investment director Terrence Madiro (40) appeared before Harare magistrate Ruth Moyo to answer to fraud charges.

Madiro was remanded in custody to 17 August for a trial date.

Prosecuting, Pardon Dziva alleged that sometime in July and August 2020, Farawo and his brother engaged Madiro to buy maize, and package it as maize meal for resale.

According to the agreement, Farawo and his brother would pay a sum of US$7 500 as initial capital within a period of two weeks.

Court State papers also show that under the terms of the joint partnership, the money would be returned, and the profit would be re-invested into the business.

The partners agreed to share the proceeds as profit at 50% for the initial six months.

Farawo sent a total of US$7 500 through World Remit since he was outside the country.

Three months after the deal the project never materialised with Madiro keeping on giving excuses and empty promises.

Farawo, who is also the Zimbabwe National Parks and Wildlife Management Authority (ZimParks) spokesperson, reported the matter to the police leading to Madiro’s arrest.

More: NewsDay

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8 Comments

Gwedu 1 month ago

Vamwe vari kudzitora kupi mari idzi??


Nyanga yechipembwre 1 month ago

Nyanga yechipembwre


the Zebra 1 month ago

wataura halo varikuluma nenyanga zezvipembere p parks hakuna mari dzakadero


mutadza 1 month ago

zvinonetsa kana waba wobirwawo


Putin 1 month ago

This should be investigated by anti Corruption , where did he get $7500 USD


reader 1 month ago

re-read again
the money was sent by his brother who is the diaspora via Worl Remit

i 1 month ago

haikona kubaiyirira munhu itaiwo maths dzenyu zacc zacc kudii


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Nhamo 1 month ago

Musadaro ipai munhu Mari yake



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