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    Thursday, 31 March 2016

    Jailed Beitbridge forex dealer freed on appeal


    - Mvurachena Tadzembwa, the Lutumba villager who was jailed for 27 years for swindling fellow Beitbridge foreign currency dealers of close to R1 million and more US$100 000 has been freed on bail by the High Court.
    Although details of his successful bail application could not be immediately ascertained, The Mirror has it on good authority that Tadzembwa is out of custody.
    "We released him last week after his successful application at the High Court," a prison warden who asked not to be named said.
    Tadzembwa started his effective 22-year-jail term service at Beitbridge prison after Resident Magistrate Gloria Takundwa convicted him on his own plea of guilt for various amounts taken from 15 foreign currency dealers.
    The dealers were duped on the pretext that he would sell the money and share profits with them.
    Alternatively Tadzembwa would have served a 10-year jail term had he been able to restitute the money from the 13 counts of fraud and four of theft of trust funds.
    Takundwa dismissed Tadzembwa's claim that he lost the money to theft because he did not make any report to the Police.
    "He might have made a late change of plea resulting in a successful application," said the prison officer.
    On 18 December 2015 alone he duped Farai Adkence Sithole, Godfrey Makurudze, Willias Shumba, Theresa Sesedza and Maxwel Chipomo of R367 00, R121 00, US$9 800, R400 000 and R100 000 respectively telling them he would convert the money from one currency to the other.
    The following day he took US$8 000, US$3 700, US$4 000, US$3 550, US$4140,, US$1 100, R7 760, US$3 000 and US$10 000 from Onias Chatira, Forward Gundungwa, Leonard Mlambo, Edson Mapfumo, Wilbert Tavengwa, Percy Mahunde, Johnson Zhou and Siphiwe Sithole respectively.
    Earlier, on December 6 Tadzembwa, also known as Mupostori, defrauded Siphiwe Sithole of US$11 000 using the same modus operandi he had also applied on Luckson Takaendesa and Mashudu Muleya to get US$12 400 and US$ 35 00 on July 23 2015.
    On the day he was sentenced, Tadzembwa who lives in Lutumba's Rasboy Makubasina Village under Headman Mabhidhi of Beitbridge, and looks like a cattle herd boy, said apart from his five cars and a homestead in Lutumba, he had no money left.local news

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