Human resources consultant Richard Mvududu on Monday appeared before a Harare magistrate facing 33 counts of fraud and corruption. Mvududu is a former management director of the Valcol Group, an
Mvududu was initially arrested in 2003 on the same charges but was later released.
It is alleged that while working for Valcol, Mvududu defrauded his employer of millions of dollars by selling the employment agency’s copyrighted Market Trend Salary Survey to potential clients.
Mvududu was dismissed in September 2003 after Valcol’s clients complained that he was charging them under a different company name — Cown Consultants.
It is alleged that he provided Valcol clients with recruitment services and salary survey reports from the company’s offices. He allegedly told clients that Cown Consultants was a sister company of the Valcol Group.
Mvududu, it is alleged, then diverted the money to his own bank account for personal use. He is alleged to have committed the offence over a period of nine months between January and September 2003.
The prejudice to Valcol is estimated at $38 million.
The crime came to light in 2003, the same year the Zimbabwbe Independent reported on a dispute between Mvududu and Valcol.
The case continues on Monday with Mvududu’s lawyer, Selby Hwacha,
cross-examining Valcol managing director, Colin Roberts.