BUSINESS NEWS

Zesa unit in fraud storm

ZIMBABWE Power Company (ZPC) has flown into the eye of a storm amid revelations a senior executive of the State- owned power utility allegedly awarded a multi-million dollar contract without going to ...

By Staff reporter | Published: 19 July 2018

FINANCIAL SERVICES

Fraudsters target Women's Ban

Zimbabweans should be wary of fraudsters who are moving around with forged Women's Bank loan application forms and offering to process them for a fee. There are reports that a number of people had bee...

By Staff reporter | Published: 12 July 2018

BUSINESS NEWS

Lawyer arrested over $64 000 fraud

HARARE lawyer, Auther Roy Mabhena, appeared in court yesterday facing fraud allegations after he duped home seekers of $64 315 in botched land deals.Mabhena of T Kadhau and Associates was not asked to...

By Staff reporter | Published: 29 June 2018

POLITICS

Zanu-PF supporters bay for 'fraudulent' minister's head

THOUSANDS of Zanu-PF supporters from Hwedza constituency have petitioned President Emmerson Mnangagwa calling for the immediate expulsion of Mashonaland East Provincial Affairs minister David Musayaba...

By Staff reporter | Published: 06 June 2018

POLITICS

Shiri's name soiled by fraudsters

The ministry of Lands, Agriculture and Rural Resettlement has launched a manhunt for fraudsters who are abusing the name of its principal officer, retired chief air marshal Perrance Shiri, to fleece d...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Ministry warns against land fraudsters

THE Ministry of Lands, Agriculture and Rural Resettlement has warned the public to be wary of fraudsters that are masquerading as Air Chief Marshal Perrance Shiri (Rtd) and demanding money from unsusp...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

'Upsurge in Zimbabwe mobile money fraud'

ZIMBABWE Information and Communication Technologies (ZICT) has warned that an increasing number of vendors and small-to-medium scale enterprises are receiving fake messages of transactions on their mo...

By Staff reporter | Published: 30 May 2018

INDUSTRIALS & ENERGY

Employee defrauds Trek $42 000 diesel

A TREK Agriculture Petroleum employee has been taken to court for allegedly fleecing his employer of over $42 000 worth of diesel earmarked for use at the Agricultural and Rural Development Authority ...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Banks move to curb card fraud

SOME local banks have partnered with international experts to curb bank card fraud which police say is on the increase in the country. The institutions have singled out supermarket employees as the bi...

By Staff reporter | Published: 28 May 2018

POLITICS

Gandawa wants Zimdef fraud charges dropped

Former Higher and Tertiary Education minister Godfrey Gandawa, who is facing criminal charges over the alleged abuse of the Zimbabwe Manpower Development Fund (Zimdef), has applied to have the charges...

By Staff reporter | Published: 25 May 2018

FINANCIAL SERVICES

Health insurers lose $160 million to fraud

CIMAS CEO Vulindlela Ndlovu says the health insurance industry in Zimbabwe could be losing $160 million annually through fraud, errors and leakages.Ndlovu told journalists attending the Zimselector me...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

Zimra foils $2m fraud

The Zimbabwe Revenue Authority has sent nine officials from its finance department on forced leave to pave way for investigations into an attempt to siphon nearly US$2 million from the tax man's fisca...

By Staff reporter | Published: 06 May 2018

POLITICS

Goba sucked in $380,000k fraud trial case

Prosecutor-General Ray Goba's name has been sucked into the fraud case involving a Harare couple which allegedly sold its house to a home-seeker for $380 000, but was now refusing to vacate the proper...

By Staff reporter | Published: 27 April 2018

FINANCIAL SERVICES

Barclays to pay $2bn for losses caused by fraudulent scheme

BARCLAYS has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 an...

By Reuters | Published: 04 April 2018

BUSINESS NEWS

Zimra sues Pasi for fraud, abuse of office

THE Zimbabwe Revenue Authority (Zimra) is demanding $217 624 from its former commissioner-general, Gershem Pasi, accusing him of abuse of office and fraud.Zimra issued the summons on March 21 and Pasi...

By Staff reporter | Published: 25 March 2018

POLITICS

Grace Mugabe degree an 'academic fraud'

FORMER first lady Grace Mugabe's controversial University of Zimbabwe (UZ) Doctor of Philosophy degree, which was finally published last week almost four years after graduation, has been described as ...

By Staff reporter | Published: 02 February 2018

BUSINESS NEWS

Zinara exonerates execs in fraud case

The case of five Zimbabwe National Road Administration (Zinara) executives accused of allegedly fraudulently transferring more than $2 million into bogus companies' accounts in a shady loan repayment ...

By Staff reporter | Published: 31 January 2018

FINANCIAL SERVICES

AHFoZ pushes for fraud laws

Stakeholders in the health sector are pushing for healthcare fraud laws to curtail costs that are shooting through the roof as a result of underhand dealings crippling the industry.Zimbabwe is already...

By Staff reporter | Published: 23 November 2017

POLITICS

Bank managers sucked in $200m fraud saga

THE Zimbabwe Anti-Corruption Commission has opened a large-scale investigation into externalisation and fraud allegations involving about US$200 million against directors and managers of six failed ba...

By Staff reporter | Published: 02 October 2017

FINANCIAL SERVICES

Stanbic warns of debit card fraudsters

STANBIC Bank has warned members of the public to guard against falling victim to debit card fraudsters.Acting head of personal and business Banking, Mr Patson Mahatchi said his bank has assumed respon...

By Staff reporter | Published: 29 September 2017

POLITICS

Fraud accused Zinara directors walk free

SENIOR Zimbabwe National Roads Administration (Zinara) executives arrested in June for alleged fraud and criminal abuse of office could walk free after Transport Minister Jorum Gumbo pressured the par...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Fuel fraud costs Zimbabwe $240m

ZIMBABWE could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwi...

By Staff reporter | Published: 10 August 2017

INDUSTRIALS & ENERGY

SecZ piles pressure on Turnall over fraud charge

TURNALL Holdings is studying a complaint by LHG Malta Holdings Limited to regulators over possible contravention of the Securities and Exchange Commission of Zimbabwe (SECZ) Act and the validity of a ...

By Staff reporter | Published: 03 August 2017

SOCCER

Ex-Zifa boss faces fraud probe

Former Zifa chief executive officer Jonathan Mashingaidze is allegedly currently undergoing fraud investigations for operating a Ponzi scheme in collusion with some of Zifa's creditors.This informatio...

By Staff reporter | Published: 22 July 2017

FINANCIAL SERVICES

Zimbabwe banks accountable for fraudulent use of cards

FINANCIAL institutions will be held responsible for any fraudulent or unauthorised transactions carried out without the knowledge of a credit or debit card holder.The Reserve Bank of Zimbabwe (RBZ) la...

By Staff reporter | Published: 05 July 2017
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