Harare businessman Shingai Levison Muringi was yesterday cleared of defrauding Rakbury Investments of US$85 000 in a botched fuel deal.
Harare Magistrate Munashe Chibanda cleared Muringi after the investigating officer failed to prove fraud and money laundering charges laid against him.
The accused was being represented by a prominent lawyer Claude Bare.
During cross examination, the investigating officer admitted that the USD85,000 in question was not prejudiced as it was still held up in the complainant’s account in Zambia.
It is alleged that the complaint transferred the money to Phillip Nyamadzawo in three batches of USD 25000 ,USD 50 000 and USD 10 000.
The court heard that on July 27 the accused was contacted by Zambian FNB and advised that USD 85 000 which was deposited into his account was reversed by Muringi.
Muringi was accused of using the money to buy a Toyota Hilux with registration number AGE 2352 for USD70 000.
