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Labrish
Nyuuz
Supreme Court upholds 18-year terms for Delatfin fraudsters
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[QUOTE="Queen, post: 87634, member: 27"] An 18-year fraud sentence just survived every level of appeal after two ex-employees flipped their employer's land for US$3 million. Supreme Court kills the final appeal [LIST] [*]Jacob Muyambo and Saymonds Mutakura lost their bid before three Supreme Court justices. [*]Justices Mavangira, Lovemore Makoni, and Hlekani Mwayera tossed the case outright. [*]Delatfin Civil Engineering gets all disputed residential stands back on its registry. [*]A third co-accused, Amos Kagona, fatally shot himself before sentencing. [/LIST] How the fraud operation worked [LIST] [*]Muyambo used his finance manager role to greenlight fake sales agreements. [*]Stolen stands were earmarked for later disposal by Delatfin anyway. [*]All three split the cash and banked on nobody noticing quickly. [*]Bogus paperwork helped bury the transactions from detection. [/LIST] Court rulings stacked against them [LIST] [*]Harare magistrate Stanford Mambanje originally handed down 20-year terms. [*]Two years got suspended for good behavior, leaving 18 firm. [*]High Court Justices Zhou and Wamambo called it premeditated and serious. [*]Buyers of those illegally sold stands lose ownership entirely. [/LIST] [/QUOTE]
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Nyuuz
Supreme Court upholds 18-year terms for Delatfin fraudsters
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