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Fraud

Savannah Beverages and Senior Employees Face Court Over Alleged Defrauding of Blackbox Investments

Strategic Insights

— 1 min read

Savannah Beverages, a beverage company, and its two senior employees, Alexious Manyanda and Simarashe Manyanda, have appeared in court on allegations of defrauding Blackbox Investments (Pvt) Limited of US$66,894 and ZWL 124,088,370 in a botched supply of Jade pet industrial chemicals and plastic polymers. The accused have been charged with fraud and money laundering, and have been released on US$500 bail. The complainant, Blackbox Investments (Pvt) Ltd, claims to have suffered a total prejudice of ZWL 124,088,370, which is equivalent to US$66,894, due to the accused's actions.

Key Takeaways:

  • Savannah Beverages and its two senior employees, Alexious Manyanda and Simarashe Manyanda, have been charged with fraud and money laundering over allegations of defrauding Blackbox Investments (Pvt) Limited of US$66,894 and ZWL 124,088,370.
  • The accused company and employees allegedly diverted funds from Blackbox Investments (Pvt) Ltd after receiving an advance payment of ZWL 101,612,665 on May 10, 2023, and a second payment of ZWL 24,717,665 on an unspecified date.
  • The complainant, Blackbox Investments (Pvt) Ltd, made several attempts to engage the accused company and employees, but they failed to supply the consignment of Jade pet industrial chemicals and plastic polymers.
  • The accused company and employees allegedly converted the money by transferring it to another account, disguising the true nature and location of the proceeds of crime and evading the legal consequences of possible recovery.
  • The complainant suffered a total prejudice of ZWL 124,088,370, which is equivalent to US$66,894, and nothing was recovered from the accused parties.
  • The accused company and employees were released on US$500 bail, pending further proceedings in the matter.

Statistics:

  • Amount defrauded: US$66,894 and ZWL 124,088,370
  • Advance payments made by Blackbox Investments (Pvt) Ltd: ZWL 101,612,665 and ZWL 24,717,665
  • Total prejudice suffered by Blackbox Investments (Pvt) Ltd: ZWL 124,088,370
  • Bail amount paid by the accused company and employees: US$500

Sources:

  • "Savannah Beverages and Senior Employees Face Court Over Alleged Defrauding of Blackbox Investments (Pvt) Limited" - [No specific publication or website mentioned in the original text]

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