PROMINENT Bulawayo businessman Dinesh Naran was yesterday further remanded in custody to tomorrow for mitigation and sentence following his conviction last Friday over a fraud case involving €64 994. REPORT BY SILAS NKALA STAFF REPORTER
The court heard that Naran (51) of Killarney suburb in Bulawayo on December 19 2006, misrepresented to Harare businessman Paradzai Mutandwa Chakona that he could help him import a Mercedes-Benz ML250 CDL model from England using his free funds.
Naran claimed the vehicle was worth €64 994.
As a result, Chakona paid him Z$580 922 400 equivalent to US$134 200 at that time.
On February 9 2007, Naran faxed a fraudulent Barclays Bank transfer document purporting that he had transferred £30 000 to suppliers of the vehicle, Stenham Global Services Limited, based in England.
On February 13 2007, Naran faxed another fraudulent Barclays Bank transfer document to Chakona purporting he had transferred £16 150 to the same company for the purchase of the vehicle.
On June 13 2008, Chakona discovered that the transfers were in fact fake and approached Naran demanding an explanation. The court heard that Naran apologised to Chakona and made a signed undertaking promising to reimburse the US$134 200.
Naran, however, dishonoured the agreement, prompting Chakona to report the matter to the police, leading to the businessman’s arrest in June 2010.
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He started appearing in court on June 10 2010, when he was granted $300 bail.
However, yesterday Naran’s lawyer Tanaka Maganyi appealed for postponement of the case to tomorrow (Wednesday) to prepare his client’s mitigation.
Goodluck Katenaire prosecuted.
