A Harare businessman has appeared in court facing charges of laundering US$85000.
Shing Muringi, who appeared before magistrate Munashe Chibanda on Thursday, was granted US$500 bail.
The complainant in the matter, Tembinkosi Chigogwana of Rukbury Enterprises, reported Muringi to police over a botched US$85 000 fuel deal.
It is alleged that on July 21, Muringi transferred US$85 000 to the complainant’s Zambian account for the purchase of fuel after signing a deal.
Prosecutors said on July 27, Muringi reversed the transaction.
The court heard that Muringi used the money to buy a Toyota Hilux.
A police report was made leading to his arrest.
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