Wafaya Boss Arrested Over US$112k Money Laundering Scam

 

The Zimbabwe Republic Police  is investigating Wafaya Private Limited for allegedly duping a local wholesaler of US$112 000through a money-laundering scheme involving the company’s online platform.

Police confirmed that Wafaya, which operated a service allowing individuals in the diaspora to purchase vouchers redeemable for goods and services at selected outlets in Zimbabwe, failed to honour its financial obligations to the wholesaler.

“Wafaya had a contract with the wholesaler, allowing customers to use the company’s vouchers to collect goods from the shops. 

"However, Wafaya failed to deposit cash into the wholesaler’s account despite collecting goods.”

Investigations revealed that the company’s director, Spencer Valentines Meares ,42, allegedly used different people’s names to collect goods from the wholesaler without remitting payments.

“Police have arrested Spencer Valentines Meares in connection with the case, and investigations are ongoing,” continued the statement