Inter Crest Capital, a registered micro-finance company, has been ordered to repay US$81,139 to an investor following the collapse of a pyramid scheme.
Auxilia Goromonzi reported that she invested US$27,000 in 2022 and an additional US$67,200 by January 2023.
She took the company’s directors, Precious Kwashirai and Roselinda Chopera, to the High Court, demanding the total amount plus interest.
In her court documents, Goromonzi stated that Kwashirai and Chopera convinced her to invest with the promise of a 10 percent monthly return.
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The agreement also allowed Goromonzi to withdraw her full investment on request, but the company failed to comply.
Kwashirai and Chopera are suspected to have fled the country and are reportedly living luxurious lives in the USA and UK.
The company did not respond to the summons, leading High Court Judge Justice Joseph Mafusire to issue a default judgment on July 4.
“Inter Crest Capital and its directors shall pay Goromonzi the sum of US$81,139, along with interest at the rate of 10 percent per month from the date of this order until full payment, and cover the costs of the suit,” the order stated.
Goromonzi, through her lawyers, is urging the Reserve Bank of Zimbabwe to investigate the matter.
