A former Econet Wireless employee allegedly stole more than US$1 million from the mobile communications firm and used part of the money to buy and develop eight residential properties in Harare. Givemore Machimbidzofa (33) on Wednesday appeared before magistrate Mr Donald Ndirowei charged with fraud involving US$1,3 million, and was granted US$5 000 bail.
Machimbidzofa was ordered to surrender his passport, report three times a week at Police CID Serious Frauds and to submit title deeds for his two properties in Mt Pleasant and Helensvale.
He is expected to be back in court on June 30, 2014.
Prosecutor Miss Sharon Mashavira had opposed bail saying this was a serious case involving a substantial amount of money.
The State produced affidavits from the police purportedly signed by Machimbidzofa in which he admitted to the fraud.
Machimbidzofa's lawyer, Mr Admire Rubaya, told the court his client was fit for bail as he never attempted to flee the court's jurisdiction during investigations.
He said his client never signed the affidavits.
According to the State, Machimbidzofa's duties involved receiving combined travelling and subsistence claim schedules from various departments in respect of employees' refund-able expenses.