In a notable legal case unfolding in Harare, two lawyers, Martin Murimirambewa and Shakespear Karuwa, were implicated together with a well-known businessman, Frank Buyanga, after being accused of participating in a fraud scheme worth US$500,000.
Magistrate Marehwanazvo Gofa is overseeing the case, which has its roots in a 2009 transaction. Chamunorwa Matsika, representing Monoliser Investments (Pvt) Ltd, allegedly secured a US$30,000 loan from Buyanga, offering property in Hurungwe, valued at over US$500,000, as security.
Allegations and Investigation of Fraudulent Activities Uncovered
After discovering that Buyanga’s office had shut down and facing allegations of his involvement in numerous fraud cases, Matsika conducted a deeper investigation. He uncovered that his property had been illicitly transferred to Hamilton Property Ltd, prompting him to initiate civil litigation.
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Further investigations revealed that Martin Murimirambewa and Shakespear Karuwa, in conjunction with Frank Buyanga, allegedly manipulated procedures to secure a capital gains tax certificate. They subsequently registered a deed of transfer at the Deeds Office without the necessary documentation. This alleged fraudulent activity reportedly led to Matsika incurring a financial loss equivalent to the property’s significant value.
Legal Proceedings and Implications
Although released on bail pending further investigations scheduled for September 3, this case sheds light on severe accusations of collusion between legal professionals and a high-profile businessman. It underscores the systemic vulnerabilities in property transaction oversight in Zimbabwe.
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The outcome of this case could have far-reaching implications for property transaction practices and legal oversight in the region. Stakeholders in the legal and business communities will be closely monitoring the developments in this high-stakes case.
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