BUSINESSMAN Phillip Chiyangwa reportedly lost 14 stands worth over US$250 000 after his property manager allegedly forged his signature and sold the stands to a company and members of the public.\r\n
Brine Tavengwa (39) was not formally charged when he appeared before regional magistrate Mr Never Katiyo who remanded him out of custody to February 22 on US$300 bail. He was ordered not to travel 20km out of Harare and report everyday at CID Commercial Crime Unit.
Tavengwa was working for Gabroc Enterprises owned by Mr Chiyangwa. During the course of his duties he would be given written instructions to sell stands at Shortson Derbyshire in Waterfalls.
Mr Chiyangwa would first sign a power of attorney and subsequently have the stands transferred to the new owner after full payment.
Prosecutor Mr Editor Mavuto alleges that the crime was committed between March 2008 and December 31 last year.
Tavengwa allegedly fraudulently caused the generation of false company documents and sold residential stands without the approval of Mr Chiyangwa as required. — CR.