Chinese Couple Face Fraud Charges

The Herald reports that a Chinese couple and a local businessman accused of swindling a furniture company of shares worth US$500 000.

The couple, Zhaosheng Wu and Yan Yu, are jointly charged with Dawid Johannes Erasmus, the director of Eras Accounting and Executor Services is appearing before Mr Never Katiyo.

Allegations are that the couple agreed to buy Monomotapa Garden Furnisher (Pvt) (Ltd) belonging to Dias, but got Erasmus to forge a share certificate purporting he was the director of Monomotapa Garden Furnisher.

They then transferred 1 000 shares into the couple’s company, Shomet Industrial Development.

A regional magistrate is expected to deliver judgment on the matter on Friday.