Former Intermarket Holdings Limited boss Nicholas Mugwagwa Vingirai, who is facing allegations of externalising over $600 000 and 1,5 million rand, will stand trial on May 14, the prosecution announced yesterday.
Vingirais bail conditions were also relaxed, effectively allowing him to visit his business premises after he was initially barred from doing so. The 58-year-old businessman has been out of custody pending trial on $2 000 bail.
Some of the bail conditions included surrendering title deeds to two properties valued at
$60 000, and his passport. He was also ordered to report once every week to the police and not to visit or interfere with day-to-day business and current or former employees of Intermarket.
Harare magistrate Anita Tshuma yesterday removed most of the conditions and retained the $2 000 bail and the title deeds. Vingirai, who is being represented by Godfrey Mamvura, was arrested in November last year upon his arrival at Harare International Airport after defaulting court in 2003.
He appeared in court facing 11 counts of theft and externalisation of foreign currency, offences allegedly committed between 2003 and 2004.