Staff Reporter
In a recent legal development that stresses the critical need for due diligence in business dealings, the Harare Provincial Magistrate Court has dismissed fraud charges against three businessmen—Albert Savanhu (55), Alen Marimbe (56), and Mthokozisi Mpofu (31)—accused of defrauding a local entrepreneur of US$11,000 in a disputed offshore payment transaction.
The ruling, handed down by Magistrate Gore, reflects the principle of presumption of innocence while emphasizing the necessity of robust evidence in legal proceedings.
The case originated from a January 2022 transaction involving Matthew Manyangadze, Managing Director of Redmark Service Private Limited (trading as StemMagnetics). Marimbe, a banking consultant, offered to facilitate an offshore payment to a Dubai-based supplier, Computrone Estore FZE Saif Zone.
Manyangadze transferred US$11,000, believing it would secure vital goods for his business. However, when the supplier reported non-receipt of payment, concerns were raised.
During the ensuing investigation, evidence retrieved by the Zimbabwe Republic Police Cyber Laboratory included WhatsApp communications and proof of payment documents.
Despite this, the State failed to provide sufficient grounds for the prosecution, which led to the court’s decision to release the accused, thereby reinforcing the importance of due process.
This ruling serves as a pivotal reminder for business professionals about the potential risks associated with international transactions.
It highlights the need for comprehensive vetting of partners and clear contractual agreements to mitigate misunderstandings and financial losses.
The case also illustrates the reputational risks that can arise from allegations of misconduct, even in the absence of conclusive evidence.
Savanhu, who has consistently maintained his innocence, articulated concerns over how such allegations can tarnish professional reputations and impact business relationships.
The court’s decision not only restores the liberty of the accused but also reinforces the importance of maintaining integrity and transparency in business operations.