Radio DJ Tich Mataz granted bail

HARARE – The beleaguered Radio and Television personality Tichafa Matambanadzo together with his business partner Raymond Chamba, who were arrested last week for defrauding the Reserve Bank of Zimbabwe of ZIM$ 150,140 quintillion under the Basic Commodities Supply Side Intervention Facility programme (BACOSSI) last year, were on Monday granted US$ 500 bail each by a Harare magistrate.

The two were also ordered to surrender their travel documents to the Clerk of court, report twice a week to Harare central police CID fraud section and to reside at their given residential addresses till the matter is finalised.

Wellington Thomas Pasipanodya of Manase and Manase legal practitioners and Ringisai Mapondera of Mapondera Law Company represented them. They were remanded to the 31st of March.

It is alleged that the two – who are the directors of a company called Subvented Solutions, were last year in July awarded a tender by the RBZ to supply food hampers under the BACOSSI programme. RBZ deposited into their Metropolitan Bank main branch account number 2016489, ZWd 150,140 quintillion for the procurement of the agreed food hampers.

The state disclosed that in November 2008, the RBZ reversed the deal after the two failed to comply with terms.

Lawyers of the two have however indicated that they are able to refund the funds, but magistrate Memory Chigwaza who indicated that the issue would be discussed during the trial, turned down the application.

“We are ready to pay back the money which our clients used right now,” said one of the legal practitioners in the court room

Memory Chigwaza presided over the case while Dumisani Mthombeni and Ropafadzo Majaja represented the state.