TWO brothers who were on the police wanted list on allegations of US$500 000 fraud yesterday surrendered themselves in Harare. Kudzai and Kumbirai Matiashe surrendered themselves to the Serious Fraud Squad in the company of a lawyer. Police spokesperson Superintendent Andrew Phiri yesterday confirmed their arrest and said investigations were in progress.
"The two are expected to appear in court tomorrow (today)," he said.
He said the two were on the run after allegedly forging company documents in which they were made directors by their sister, Helen Matiashe.
The two companies are - Helce Enterprises which was owned by Helen and businessman Mr Cecil Muderede - and Driftden owned by Mr Muderede.
It is alleged that Helen forged the two companies' documents and appointed Kudzai and Kumbirai as directors.
Police advertised that they were looking for the two brothers in connection with the fraud case.
A reward of US$2 000 was offered to anyone with information leading to their arrest.
Mr Muderede and his wife were in May this year acquitted of fraud charges involving close to US$500 000.
They were arrested for allegedly registering mortgage bonds using illegal documents.
Mr Muderede (39) and Mrs Michelle Fadzisai Muderede (35) were facing two counts of fraud before regional magistrate Ms Memory Chigwaza.
She said Matiashe's conduct of removing Muderede from the Helce Board was unlawful and so were the appointments of her brothers.
Charges against Muderede and his wife arose in November 2006 after they allegedly misrepresented to Metropolitan Bank and registered six mortgage bonds totalling Z$732 650 000 000, an equivalent of US$227 000.
According to the State, the bonds were registered on Helce Enterprise (Pvt) Ltd, but the two were not directors of the company.