Bulawayo businessman caught in web of allegations

Zim Now Writer

Bulawayo businessman Mohamed Daka is facing a barrage of accusations, including swindling an Indian investor, illegal mining, and violating bail conditions. Daka's troubles began when he was arrested on Thursday on charges of illegal mining at Fools Mine.

In a separate incident, Daka is accused of defrauding an Indian investor, Jaymill Macchi, in a botched mining deal. Daka allegedly misrepresented himself as the owner of Fools Mine and received USD 500,000 from Macchi. However, Macchi later discovered the deception and initiated legal proceedings.

Daka's alleged illegal activities at Fools Mine have also come under scrutiny. He is accused of illegally taking over the mine from Harare-based businessman Mr. Wang and forging a power of attorney to legitimize his control. Daka allegedly used this fraudulent document to apply for bankruptcy and place the mine under corporate rescue while continuing to mine and sell equipment.

Furthermore, Daka is facing charges of selling an excavator on July 10, 2024, to a Mutare-based miner for USD 280,000. The excavator was reportedly leased from Rich Mark Zimbabwe.

Daka has been out on bail for the excavator sale but is now accused of violating his bail conditions by engaging in further illegal activities. He is also alleged to have used his connections with influential individuals to intimidate and coerce others.