The Infrastructural Development Bank of Zimbabwe (IDBZ) and its officials face possible prosecution after one of the bank’s clients filed criminal charges against the institution for allegedly selling his vehicles.
The managing director of Ideal Brands, a printing and packaging company, Peter Dzvairo, opened a criminal record 22/07/11 against IDBZ after the latter allegedly clandestinely sold a Mercedes Benz C240 and a Nissan Hardbody king cab truck in 2009.
This was after IDBZ accused Dzvairo of having defrauded the bank of over $68 000 and sought to recover the money by allegedly selling the cars.
However, charges against Dzvairo were later withdrawn by the State for lack of evidence.
In his statement to the police, Dzvairo fingered IDBZ head of credit control, Gregory Mupfumira and an assistant director identified as N Munengwa.
Dzvairo alleges his vehicles were sold while he was in police detention after the bank caused his arrest in April 2009, following allegations of fraud.
He said he also instituted litigation at the High Court in case number 1701/10 where he was suing the bank for unlawful arrest and detention.
Dzvairo, who is being represented by Mudambanuki and Associates, issued summons to IDBZ dated March 8, in case number 2433/11 through the High Court in Harare.
According to Dzvairo, sometime in April 2009 IDBZ caused his arrest on allegations of fraud and pursuant to the charges he was detained for 36 days. He said his wife was also detained for seven days without a charge.
Dzvairo added he underwent a lot of psychological trauma due to actions of the bank and was therefore claiming $10 million for malicious arrest and prosecution and $5 million for defamation.