A HARARE company appeared in court on Wednesday on a charge of money laundering involving nearly US$400 000.
The company, Ledim International Investments, was represented at the Harare Magistrates Court by Edson Kaponda (41).
Magistrate Marewanazvo Gofa granted the company US$200 bail pending further investigations.
State prosecutor Rufaro Chonzi told the court that between April and May, Ledim Investments imported naphthalene from South Africa worth US$368 695,65.
Chinzi said it emerged that Ledim Investments was not a registered importer with the Reserve Bank of Zimbabwe Exchange Control Division.
The State also stated that there are no import records for the transaction, suggesting that Ledim Investments did not pay for the consignment through the formal banking system.
In an unrelated matter, a Zimbabwe Electricity Transmission and Distribution Company (ZETDC) district accountant stationed in Kadoma appeared before Gofa on charges of defeating or obstructing the course of justice.
The accused, Kevin Zivurawa, was granted US$100 bail.
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The court heard that the Zimbabwe Anti-Corruption Commission (Zacc) received information on a case of fraud at ZETDC Harare offices involving a company called Esol Engineering.
Zacc wrote to Zesa Holdings requesting information related to the case which was being investigated.
The court heard that Zesa Holdings, through its internal processes, sent the Zacc request to the accused person to provide information to aid the investigation.
According to the State, Zivurawa forwarded the Zacc letter of request to one of the directors of Esol Engineering, Tatenda Ronnie Ngwaru.
Zivurawa allegedly did so with intent to defeat or obstruct the investigation.
Investigations further established that Zivurawa had been working cahoots with Ngwaru for some time, giving him ZETDC inside information pertaining to tenders.
This gave Esol Engineering an upper hand over other suppliers.
