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*US$5.8 Million Cottco Fraud: Harare Magistrate Set To Give Ruling On Wadyadyena & Co. Application* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hn Harare regional magistrate Mr Taurai Manwere is on October 21 expected to give a ruling on Gokwe-Nembudziya legislator Mayor Justice Wadyajena’s application challenging his placement on remand, The Herald reported. Wadyajena is accused of fraud and money laundering involving more than US$5.8 million allegedly misappropriated at Cotton Company of Zimbabwe (Cottco). ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The ZANU PF legislator and his company Mayor Logistics are jointly charged with suspended Cottco bosses Pius Manamike, Maxmore Njanji, Fortunate Molai, Chiedza Danha and her company, Pierpoint Moncroix. They allegedly used US$5 834 000 meant for importing bale ties to import trucks, buy fuel and make an assortment of other payments that had nothing to do with the ties. Through their lawyer, Mr Oliver Marwa, Wadyajena and his company were back in court on Wednesday where they reiterated that there was no link between them and the offence and their co-accused. Marwa argued: > The State has not quarrelled with points raised in paragraphs 28 to 33 of our application. We therefore find that those paragraphs to be proved as admitted in application. > If there is no link between accused and offence, the consequence is they are non-suited and cannot spend a minute longer on remand Mr Marwa told the court that Wadyajena and his company showed their protest to their placement on remand when they notified the State of their intentions to contest this formally. Danha and her company, Pierpoint Moncroix, also said it was unclear how Danha had direct control of Pierpoint Moncroix in State papers. Their lawyer Mr Harrison Nkomo, said Danha and her company did not launder any proceeds of any crime, nor benefited from the truck imports as alleged, therefore, they shouldn’t be placed on remand. They are also expected back in court on October 21, for a ruling on their applications. *Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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