The court has instructed the State to rectify its procedural issues in the ongoing case involving businessman Moses Ruwona, who faces allegations of fraud.
Magistrate Stanford Mambanje ruled in favor of Ruwona and his associate Macmillan Chiweshe, who sought to terminate further remand proceedings. The case, which entails charges of fraud, theft of trust property, and money laundering amounting to US$490,000, will now proceed through summons.
Magistrate Mambanje criticized the State for its failure to provide adequate justifications for the continued remand, citing unreasonable delays in completing investigations. He emphasized that the State should proceed with the case via summons once it has organized its affairs.
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According to the allegations, in December 2022, the complainant secured a contract from Liquid Telecommunications Holdings in Zimbabwe to supply outdoor Wi-Fi routers.
The agreement stipulated importing the routers from Liquid Telecommunication Holdings in Mauritius. On December 8, the complainant intended to make a payment to the Mauritian company. In lie of this, Ruwona, utilizing his offshore FCA, purportedly offered to settle the payment. Chiweshe then received US$630,400 from the complainant and passed it to Ruwona.
Subsequently, Moses Ruwona presented a proof of payment document to the complainant, claiming to have transferred the funds from his Stanbic Account in Zambia to Liquid Telecommunications in Mauritius. However, investigations revealed that no such transaction had occurred upon verification with the beneficiary bank in Mauritius.
