Ex-C.A.G Bus Company Executives Accused of US$300k...

Ex-C.A.G Bus Company Executives Accused of US$300k Fraud

Munyaradzi Mashiri | Court Correspondent

Two former executives of C.A.G Traveler’s Coach bus service are facing fraud allegations after allegedly embezzling US$300,000 from their former employer.

Christopher Zingoro ,45, of Aspindale Park, and Lawrence Chakanyuka (44), of Stoneridge, appeared at the Harare Magistrates’ Courts charged with fraud and money laundering.

They are scheduled to appear in court again on July 18, 2025.

The complainant in this case is C.A.G Traveler’s Coach, represented by the company secretary, Elijah Tembo.

Zingoro was employed as the general manager of C.A.G Traveler’s Coach until his resignation on March 2, 2024. Chakanyuka served as second-in-command to the general manager and resigned on May 27, 2024.

The court heard that between 2018 and March 2, 2024, the two accused allegedly operated a parallel receipting system, completely separate from the company’s official processes. They reportedly issued their own receipt books to bus conductors and collected the proceeds daily.

Instead of remitting the money to the company, they allegedly misrepresented their actions and converted the funds for personal use.

The alleged fraud was discovered after a random audit by the employer, which prompted a report to the Zimbabwe Republic Police (ZRP) in Dzivarasekwa.

As a result of their actions, the complainant reportedly lost US$300,000. None of the funds have been recovered.

The court also heard that the accused used the proceeds of the crime to acquire several properties.

Zingoro is alleged to have purchased house number 2047 North Avenue, Aspindale Park, Harare; two shops in the Matambo and Chinaka areas of Hauna; a Mazda Eagle (registration number ADV5127); and a Toyota Allion (registration number ADG1455).

Chakanyuka allegedly purchased stand number 1934 in Stoneridge, Harare; a shop in Honde Valley; and a stand in Nyabira, which he reportedly registered in a friend’s name to conceal the origin of the property.