Kuva Cash CEO Tendai James Saruchera has appeared in court charged with theft US$286,000.
Harare Magistrate Patricia Kamwanda on Monday granted Saruchera US$500 bail and ordered him to appear on December 16.
According to the allegations, Paidamoyo Kuruneri, the complainant, engaged Kuva Cash Private Limited to facilitate a US$286,000 transfer to the UK-based owner of a Borrowdale house she intended to purchase.
The money was allegedly paid on October 5, with Kuruneri receiving a receipt as proof of payment.
However, the property owner became increasingly frustrated as the funds failed to materialize within the agreed timeframe.
Suspecting foul play, Kuruneri confronted the staff at Kuva Cash Private Limited, demanding a refund. This led to Saruchera's arrest.
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