The Chron­i­cle

Chronicle (Zimbabwe) - - National News -

BU­L­AWAYO, Satur­day, Novem­ber 3, 1991 — A wit­ness in the trial of four em­ploy­ees of a fi­nance com­pany in Gweru and the man­ag­ing di­rec­tor of a garage in the same city yes­ter­day told a Bu­l­awayo mag­is­trate how, af­ter ob­tain­ing a loan from the com­pany, the state­ment re­flected that he had to pay dou­ble the amount he had been given.

Cde Booker Mabambe told re­gional mag­is­trate Mr Ni­cholas Ndou in the trial of four Stan­dard Char­tered Fi­nance Zim­babwe Lim­ited em­ploy­ees and the man­ag­ing di­rec­tor of Mid­lands Truck and Car Sales, who al­legedly de­frauded the fi­nance com­pany of $220 154,86, that when he ap­proached the com­pany he wanted to bor­row $2 500, which he wanted for car re­pairs.

“I met the mes­sen­ger, Elias Chinyemba, who told me that de­pend­ing on the model of my car, it could be used as se­cu­rity for the loan that I needed.

“When I brought my car’s reg­is­tra­tion book, Ju­dith Kari­ma­zondo, the cashier, in­di­cated por­tions I had to com­plete on some forms,’’ said Cde Mabambe.

“A day later I re­ceived a call from Kari­ma­zondo in­form­ing me that my ap­pli­ca­tion had gone through. I then met Jonah Shinga, the man­ag­ing di­rec­tor of Mid­lands Truck and Car Sales who made out a cheque and handed it to me. I signed hire pur­chase forms and Kari­ma­zondo promised to com­plete the de­tails.’’

He said he was shocked to re­ceive a state­ment in­di­cat­ing that he had to pay back $5 072,72 to the fi­nance com­pany.

Trial was post­poned to Fe­bru­ary 3, 1992.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.