Prepaid Electricity Split Meters

Prepaid Electricity Split Meters

Suppliers of prepaid electricity split meters throughout Zimbabwe. Ideal for shared properties, landlords, tenants, shared business premises

Open
HomeCrime and Courts

Preperco Director Sentenced For Attempted US$1.6 Million Fraud On ZRP

1 month agoWed, 06 Nov 2024 07:12:26 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Preperco Director Sentenced For Attempted US$1.6 Million Fraud On ZRP

Langton Madara, director of Preperco Investments, attempted to defraud the Zimbabwe Republic Police (ZRP) of US$1.6 million in a bond paper supply contract.

As reported by The Herald, the presiding magistrate Clever Tsikwa initially sentenced Madara to 36 months imprisonment.

However, 18 months of the sentence were suspended on condition of good behaviour, and the remaining 18 months were suspended on condition that Madara performs 630 hours of community service at Glen View Polyclinic.

The court considered Madara’s status as a first offender and noted that no money was lost since the fraud was discovered before payment was made.

Prosecutor Tendai Tapi proved that Madara submitted a fake bank guarantee to secure an advance payment from ZRP.

Buy Samsung, itel, Redmi smartphones in Zimbabwe

WhatsApp: +263715068543

In 2022, the ZRP advertised for suppliers of bond paper in a newspaper, seeking reputable companies to supply in bulk, to which Madara responded.

The police awarded Madara the tender, and in January 2023, a contract was signed between ZRP and Madara, represented by Commissioner General of Police Godwin Tandabantu Matanga.

The contract included a special condition requiring the ZRP to make an advance payment of 15 per cent of the total cost of the bond paper, backed by a bank guarantee.

More: Pindula News

Tags

8 Comments

Tintin · 1 month ago
the sheer audacity of this guy... defrauding the police 🙌🙌🙌
Putin 🇵🇾 🇵🇾 🇵🇾 🐊 🐊 🐊 · 1 month ago
Congratulations Donald Trump 👏 for winning USA presidency
clarify pliz · 1 month ago
so the USD 1.6Mill was only 15% of the deal,? maybe i am reading something wrong here?! sorry !
Bobo · 1 month ago
Imagine bro aaah people are milking Zimbabwe
Sol Regem · 1 month ago
Just think of how many deals like this are going under the radar, no nation will be able to develop if it loses so much to corruption alone
🦋𝑴𝒂𝒏 𝒕𝒐 𝑴𝒂𝒏 · 1 month ago
tora Mari united chakaipa kubatwa
Anonymous · 1 month ago
18 months suspended on condition of good behavior....... for someone who wanted defraud $1,6 million.
🦋𝑴𝒂𝒏 𝒕𝒐 𝑴𝒂𝒏 · 1 month ago
he did not defraud he failed to get the chance

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback