Good Stake Ventures Company and its director, Mamina Zivengwa, have been dragged to court over allegations of fraud involving 300 residential stands valued at US$150,000.
Zivengwa appeared before Harare magistrate Marehwanazvo Gofa, who released her on US$500 bail. The State alleges that Zivengwa, together with an accomplice, Crispen Alle Magaya who is still on the run, duped a property developer through a fake land deal.
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According to prosecutor Rufaro Chonzi, the incident occurred in August 2023. The accused allegedly approached Enhanced Mortgaging and Housing Africa (Pvt) Ltd, represented by its director Phillimon Makumbe, and offered him 300 residential stands as payment if he agreed to construct roads on their Long Lands Farm in Beatrice, which they claimed was set for subdivision and development.
Trusting the arrangement, Makumbe went ahead and completed the road construction work. But after the work was done, Good Stake Ventures and Zivengwa allegedly reneged on their promise, leaving Makumbe with no stands and a financial loss of US$150,000.
Magaya is yet to be apprehended, while the case continues before the courts.
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