HomeLocal NewsBusinessman loses 430 000 euros

Businessman loses 430 000 euros


Three cheeky thieves stealthily sneaked into wealthy businessman Fredrick Mtandah’s Umwinwinsidale house in Chishawasha on the outskirts of Harare and made away with a whopping 430 000 euros (almost $596 876) in cash.

Mtandah, a Western Union director, who also holds directorships in several blue chip companies in Zimbabwe and the Southern African region, surprisingly discovered the theft after three days.

This is the biggest theft this year in which criminals got away with large amounts and valuables.

The suspects have since been arrested and appeared in court on Tuesday.

However, when the suspects were arrested following police investigations, property worth a paltry $3 870 was reportedly recovered from them.

It is believed that Kudakwashe Chapwanya (23), David Jambwa (26) and William Wiriranai Jambwa (23) removed window panes at Mtanda’s house to gain entry into the bedroom where they allegedly stole $5 850, 14 000 pula, £13 000, 10 shirts, two pairs of trainer shoes, a Nokia 6300 cellphone, two pairs of shorts, a black travelling bag and a Sony voice recorder.

The three men appeared before Harare magistrate Archie Wochiunga facing charges of unlawful entry and theft and were remanded in custody to November 2.

They were not asked to plead.

It is alleged that on October 9, the three teamed up after attending a court hearing at the Harare Magistrates’ Court where they were facing charges of stealing a motor vehicle.

David, a former gardener for Mtandah, is alleged to have mooted the idea of stealing from his ex-employer since he had knowledge of the place.

The three proceeded to Mtandah’s house and upon arrival David guided his alleged accomplices and entered the house after Chapwanya had removed window panels.

It is alleged that the two brothers entered the house where they stole the money and other property while Chapwanya remained outside as a sentry.

The trio is alleged to have packed the loot into a travelling bag and disappeared unnoticed.

Last December, armed robbers hit Stanbic Bank’s Chegutu branch making off with more than $260 000 and thousands more in other currencies as the country recorded one of the biggest bank heists.

An assistant branch manager was shot and injured as the gang of six fled the scene with boxes containing cash denominated in US dollars, South African rand and Botswana pulas.

The robbers stole $266 000, 150 000 rand and 34 690 pula before escaping in two getaway cars- an Isuzu KB twin-cab truck and a Peugeot 406.

Customers who were in the banking hall were also stripped of their cash, mobile phones and other valuables.

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