A DIRECTOR at Titan Dreams Developers, Hazel Mutiti, yesterday appeared before Harare magistrate Dennis Mangosi facing a charge of defrauding a Chinese investor of US$70 000.
Mutiti was remanded in custody to today for bail ruling.
The complainant in this case is Xinfan Automobile (Pvt) Ltd.
According to court papers, sometime in June 2024, the complainant came to Zimbabwe from China looking for investment opportunities in the health sector.
During the same period, Mutiti met the complainant and discussed business opportunities.
The court heard that Mutiti allegedly misrepresented that she was the director of Liftcrest Investments (Pvt) Ltd .
The court heard that she produced an agreement of sale of shares between Titan Dreams Developers, Prince Gumbo and Timothy Kudzai Gumbo which purported that she had bought shares at Liftcrest Investments (Pvt) Ltd.
Acting on the misrepresentation, the complainant agreed and entered into a partnership agreement with Mutiti, who was purportedly representing Liftcrest Investments (Pvt) Ltd.
- Chinese investor duped of US$70K
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After signing of the agreement of partnership, the complainant initiated developments for the construction of a polyclinic in Sunningdale, Harare.
It is during this period that Prince, the director of Liftcrest Investments (Pvt) Ltd, was notified about the developments on the site and approached Mutiti for clarity.
According to court papers, Mutiti failed to heed the call by Prince and as a result, he approached the complainant and advised him that he was the real director at Liftcrest Investments (Pvt) Ltd and not Mutiti.
A report was made to the police and investigations were carried out, leading to Mutiti’s arrest.
