{"id":98892,"date":"2024-09-24T12:00:13","date_gmt":"2024-09-24T10:00:13","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor"},"modified":"2024-09-24T14:03:39","modified_gmt":"2024-09-24T12:03:39","slug":"duo-up-for-defrauding-bulgarian-investor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor","title":{"rendered":"Duo up for defrauding Bulgarian investor"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>TWO Zimbabwean businessmen were on Saturday last week arraigned before the courts for allegedly duping a Bulgarian investor of US$200 000 after persuading him to invest in their Guruve-based mining business.<\/p>\n

Barnabas Kavai and Ashley Makara appeared before Harare magistrate Marehwanazvo Gofa facing a charge of fraud.<\/p>\n

Gofa released them on US$200 bail each and they are set to return to court on October 30 this year.<\/p>\n

The complainant is Adam Markov (32), who is in Zimbabwe as an investor in the agricultural sector.<\/p>\n

Prosecutor Mercy Masamvi told the court that on February 12 this year, Markov arrived in Zimbabwe on Kavai\u2019s invitation to explore investment opportunities in the country.<\/p>\n

Masamvi said Markov was introduced to Makara who was presented as the owner of Crown Mine, a gold mine in Guruve.<\/p>\n

Kavai and Makara allegedly informed Markov that they were struggling financially and were seeking investment to sustain the mine and increase production.<\/p>\n

They allegedly told Markov to invest US$200 000 in Crown Mine, adding that he would be incorporated in the mine as a partner receiving the equivalent valuation of 4kg of gold after four months as return on investment.<\/p>\n

The court heard that as a partner, Markov was supposed to receive 30% of the net profit from all mining operations, while assuming directorship in Kavai\u2019s KPM (Pvt) Ltd.<\/p>\n

On February 15, Markov along with Kavai, Makara and Eleazar Tamiriraishe Malomba, the contractor of Crown Mine, went on a tour of the mine.<\/p>\n

Markov allegedly went back to Bulgaria and returned to Harare on February 23 and gave Makara US$10 000 to settle mining registration fees.<\/p>\n

On February 20, Markov allegedly transferred the equivalent of US$170 000 from his crypto wallet and gave another US$20 000 to Makara.<\/p>\n

The court heard that Makara used the money to settle mining debts before buying shovels, uniforms, boots, compressors, water pumps, a bow mill and protective clothing to be used at the mine.<\/p>\n

Masamvi also told the court that through his company, Amadiz Global Solutions, Markov bought a JCB 524 for US$35 000 from South Africa.<\/p>\n

In June this year, Markov reportedly asked Kavai and Makara for his return on investment and he was allegedly threatened with deportation as he was on a tourist visa.<\/p>\n

Kavai and Makara allegedly banned Markov from visiting the mine in Guruve.<\/p>\n

Masamvi told the court that four State witnesses had their statements recorded and will testify in court.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. TWO Zimbabwean businessmen were on Saturday last week arraigned before the courts for allegedly duping a Bulgarian investor of US$200 000 after persuading him to invest in their Guruve-based mining business. Barnabas Kavai and Ashley Makara appeared before Harare magistrate Marehwanazvo Gofa facing a charge of fraud. Gofa released them on US$200 […]<\/p>\n","protected":false},"author":84,"featured_media":98891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-98892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nDuo up for defrauding Bulgarian investor - zimbabwe<\/title>\n<meta name=\"description\" content=\"TWO Zimbabwean businessmen were on Saturday last week arraigned before the courts for allegedly duping a Bulgarian inves ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duo up for defrauding Bulgarian investor\" \/>\n<meta property=\"og:description\" content=\"TWO Zimbabwean businessmen were on Saturday last week arraigned before the courts for allegedly duping a Bulgarian inves ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-24T10:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-24T12:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1727166789.434365.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Duo up for defrauding Bulgarian investor\",\"datePublished\":\"2024-09-24T10:00:13+00:00\",\"dateModified\":\"2024-09-24T12:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\"},\"wordCount\":408,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/09\/sm_1727166789.434365.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/duo-up-for-defrauding-bulgarian-investor\",\"name\":\"Duo up for defrauding Bulgarian investor - 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