Last King director Shingai Muringi granted US$500 ...

Last King director Shingai Muringi granted US$500 bail

Zim Now Writer

Businessman Shingi Muringi, who is accused of money laundering involving US$85 000, was granted US$500 bail by Harare magistrate Munashe Chibanda.

Muringi had denied the allegations.

Muringi’s lawyer, Claude Bare, told the magistrate that the State had a weaker case.

The complainant, Tembinkosi Chigogwana of Rukbury Enterprises Limited had reported that Muringi reversed a fuel payment of US$85 000 made into the former’s FNB Account in Zambia.

https://zimbabwenow.co.zw/articles/5743/last-king-director-shingai-muringi-in-court-for-fraud

While cross-examining the investigating officer, Cornelius David Dangare of CID CCD, he admitted that the US$85 000 in question was not prejudiced as it was still held up in the complainant’s account in Zambia.

Detective Constable Dangare also admitted during cross-examination that Muringi was already liquid on other fuel transactions before the disputed US$85 000.

After assessing the submissions by both the State and Bare, magistrate Chibanda granted Muringi bail pending trial.

The State prosecutor told the court that on July 19, the complaint was contacted by director of Northman Capital Investment, Phillip Nyamadzawo who was looking for US$85 000 on behalf of Muringi for the purchase of diesel in return of the equal amount to be deposited into complaint Zambian account 62922127247.