Harare, March 11, 2014 – Suspended Air Zimbabwe Group CEO Innocent Mavhunga and Air Zimbabwe Holdings Private Limited company secretary Grace Pfumbidzayi have been granted bail by the High Court.
The two are jointly accused of fleecing the national airline of millions of dollars through an insurance scam.
Justice Joseph Musakwa ruled that they are both good candidates for bail.
He said the decision for his ruling will be availed later and he ordered the two to pay US$3 000 each for bail.
Justice Musakwa ordered Mavhunga to report twice a day to Highlands Police Station, reside at his Greendale North home, surrender the title deeds of the same property and his passport, as well as not to interfere with investigations and evidence.
He also instructed Pfumbidzayi to reside at Number 901, Bannock Burn Road, Mt Pleasant Heights, report three times weekly during Mondays, Wednesdays and Fridays at CID Serious Fraud and not to interfere with witnesses and evidence.
Mavhunga and Pfumbidzayi’s release on bail follows the release last week of their co-accused and former Air Zimbabwe Group CEO Peter Chikumba.
Justice Musakwa is also expected to deliver his ruling over the bail applications for the three Navistar Insurance Brokers bosses – Givemore Nderere, Orten Mawire and Vhukile Hlupo – facing charges of conniving with their Air Zimbabwe counterparts in fleecing the national airline of millions through an insurance scam.