An America-based Zimbabwean, McDonald Kudakwashe Muzeza, was allegedly swindled of $98 000 by two Harare brothers in a botched joint business venture.
Dereck (31) and Tonderai (29) Dari were arrested last week and charged with theft following a police report by the complainant.
The two were not asked to plead when they appeared before provincial magistrate Shane Kubonera on Monday and were remanded out of custody to July 26 on $200 bail each.
As part of the bail conditions, they were ordered to surrender their passports and to report once a week at the Criminal Investigation Department Special Frauds section .
According to prosecutor, Svodai Kadivirire, the brothers who operate Winmed Trading in Harare, were known to Muzeza prior to the fallout.
It is alleged Dereck and Tonderai agreed to enter into a plastic trading business any other profit-making venture in 2009, in a partnership arrangement with Muzeza.
An agreement was reached where the two brothers would remit 12% profit per month to Muzeza.
Pursuant to the arrangement Muzeza allegedly transferred $98 000 into an FBC Bank account where Dereck and Tonderai were signatories.
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It is alleged the brothers later withdrew the cash and invested it into their own businesses. They, however, did not venture into any joint business as planned the court heard.
In January this year, Muzeza returned to Zimbabwe and allegedly discovered that no business had been invested into, prompting him to report the matter to the police, leading to the two brothers’ arrest.
