
Two Chinese nationals, Mu Jirui and Li Miao, have been hauled before the Harare Magistrates Court facing allegations of defrauding their business partner of more than US$400,000 in a deal gone wrong.
The pair appeared before Magistrate Marewanazvo Gofa on charges of fraud and forgery.
They were each granted US$500 bail and ordered to continue residing at their known addresses.
As part of their bail conditions, they were also instructed to surrender their travel documents and report to the CID once every two weeks.
The complainant, Wang Li, a fellow Chinese national and shareholder in Katsu Agro Chemical (Pvt) Ltd, accuses the two of manipulating company investment agreements to swindle her out of her funds. Katsu Agro Chemical is a Harare-based firm that deals in pesticides.
According to the State, represented by Rufaro Chonzi, the trio had earlier agreed to jointly invest in Kenova Crop Science (Pvt) Ltd, another pesticide company owned by Miao, which was reportedly performing well at the time.
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On April 14, Wang Li invested US$420,000 into the venture, securing a 44 percent stake in the company. Jirui contributed US$210,000 for a 22 percent share, while Miao invested US$330,000, translating to 34 percent ownership.
All payments were reportedly made through Miao, who provided proof of receipt to the other partners.
However, despite the transaction, Wang Li claims she never received her shares. Matters took a further twist in August 2025, when Miao filed an application at the High Court (Case No. HCH 485/25), demanding money and a vehicle from Li, alleging that the assets belonged to Katsu Agro Chemical.
Upon reviewing the documents, Wang Li allegedly discovered a forged “Investment Refund Agreement,” which falsely stated that Miao had refunded her the full amount.
Miao is also accused of filing a false police report, attaching the same fraudulent document purportedly signed by both Li and Jirui, confirming the repayment.
Investigations later revealed that no refund was ever made, leaving Wang Li prejudiced of US$420,000, with nothing recovered to date.
The matter is still under investigation.
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