A firm and its director were taken before Harare Magistrates Courts after he reportedly defrauded it out of US$28 000 by selling its stands unlawfully.
The company had been hired by a real estate to handle marketing on their behalf.
One of the directors of Kudamp Investments, Mathuthu (29), trading as Future Properties, is the second accused party, while Kudamp Investments, represented by Mpilo Mathuthu, is the first accused party.
He was accused of fraud when he appeared before Harare Magistrate Mr. Dennis Mangosi.
He was placed under arrest on remand until he applied for bail.
High Range Resourses Pvt Ltd, the complaint, is represented by Dunia Shahari.
According to the State, Mathuthu approached Shahari at some point in June 2023 to request permission to market the latter’s residential stands, which go by the names Victoria Range in Masvingo, Makonde Heights in Chinhoyi, and Boronica Chiedza Park in Manyame-Beatrice.
Given the task of marketing, Mathuthu was expected to direct clients to the complaint in exchange for a five percent commission.
Using the business name Kudamp Investments, Mathuthu began selling the stands and said that customers would purchase them by making monthly installment payments via him.
After seeing the ads, the gullible customers went to Mathuthu to make payments.
The complainant’s office received a call on January 9 from a customer only known as Chinamasa, who had replied to Mathuthu’s advertisement and paid. Chinamasa claimed to be seeking a sale agreement.
As evidence of payment, Chinamasa submitted the receipts issued in Kudamp Investments’ name.
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At this point, the complaint discovered that Mathuthu was selling residential stands in violation of the marketing-only directive.
Mathuthu sold 31 residential stands in Boronia Chiedza Park, pocketing US$28,722 in monthly payments, according to preliminary investigations that were conducted.
From Mathuthu’s office, evidence was retrieved in the form of receipt books and files detailing his offer and acceptance of the purchase.
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