Munyaradzi Mashiri
Zim Now Court Correspondent
Ruichen Mining Zimbabwe Private Limited director, Liu Guorong ,46, has been arraigned before the Harare Magistrates’ Court on fraud charges involving US$444 000.
Guorong was granted US$1 000 bail and is set to reappear in court on March 10, 2025.
The complainant, Wang Jinghai, a Chinese investor, alleges that Guorong lured him into a fraudulent mining deal.
According to the State, Wang, who was in China at the time, was introduced to Guorong on March 2, 2024, by one Chen Neng Zhi. Guorong was reportedly hosting an investment seminar, promoting mining opportunities in Zimbabwe.
During the seminar, he claimed to have strong connections with senior government officials, assuring potential investors that acquiring mining claims in Zimbabwe would be a swift process.
Intrigued by the opportunity, Wang sent his business partner, Li Muxin, who was already in Zimbabwe, to assess the prospects. On March 29, 2024, Li was shown a mining claim in Hwange, known as Gwayi River Mine, by Guorong and an unidentified accomplice named Nyasha.
The latter was introduced as a Ministry of Mines and Mining Development pegger, allegedly responsible for processing the claim’s certification.
The mine, which reportedly had three shafts and significant copper deposits, seemed promising.
On May 28, 2024, Wang traveled to Zimbabwe to finalise the acquisition. Guorong and his accomplice took him to Gwayi River Mine, where they pointed out pegs and coordinates marking the boundaries of the claim. Convinced of the deal’s legitimacy, Wang transferred a total of RMB3,099,639 (approximately US$444,000) in separate transactions into Guorong’s Bank of China accounts.
After making the payments, Wang followed up on the paperwork for the mine’s transfer. However, Guorong allegedly provided multiple excuses before becoming unreachable.
When Wang returned to the mine site, he discovered that the property was fenced off and belonged to different owners.
Realising he had been defrauded, Wang reported the matter to authorities, leading to Guorong’s arrest. Meanwhile, his alleged accomplice, Nyasha, remains at large.
Guorong faces fraud charges and awaits his next court appearance.
Zimbabwe Premier Soccer League newbies Scottland FC have pulled off a major coup by signing star forward Khama Billiat.Billiat, who spent last season with Yadah after returning from a stint in South..
ZimbabwePhilemon JambayaZim Now EditorAs Zimbabweans welcomed the new year, they also ushered in a slew of new.The Treasury led by Minister of Finance, Economic Development and Investment Promotion, Profess..
Zimbabwe:Philemon JambayaZimNow Editor Get ready to experience the ultimate getaway in Harare South as renowned businessman, Mr. Shadreck Tiripano, unveils the revamped Skyline River Resort. Formerly known ..
Zimbabwe
Leave Comments