FORMER adviser to the Reserve Bank of Zimbabwe governor, Munyaradzi Kereke, was back in court yesterday over a US$400 000 fraud case.
He appeared before Harare magistrate Donald Ndirowei, who postponed the matter to June 5 for allocation of trial date.
Kereke is being charged together with suspended Harare Municipal Medical Aid Society (HMMAS) chief executive officer Everisto Rukasha.
Allegations are that sometime in early 2014, Rukasha and Kereke agreed to enter into an agreement, whereby the latter would sell his immovable property, Fortress Hospital to HMMAS.
Kereke then appointed Newton Madzika, the managing director of Health Body Images (Pvt) Ltd, to conduct the transaction on his behalf.
On November 7, 2014, HMMAS met its obligation by paying the full purchase price of US$800 000.
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On March 18, 2022, Kereke connived with Rukasha and wrote to HMMAS misrepresenting that the latter still owed him US$400 000.
As a result, HMMAS authorised payment towards the liquidation of the fraudulently-generated debt.