Gweru home seekers lose over USD$40k to land developer

• Published date: 05 March 2023
• Publication title: The Sunday News

A number of home seekers in Gweru lost over US$41 000 to a local land developer, Greynut Investment, in fraudulent circumstances that have seen the owner of the company disappearing, police have confirmed.

Midlands police spokesperson Inspector Emmanuel Mahoko told the Sunday News that they were investigating a case where a number of home seekers were allegedly duped into paying instalments of varying amounts to Greynut Investments on the promise that they were going to get housing stands.

'We are investigating a case of fraud where several people seeking residential stands were duped of a total of US$41 978 by a property developer called Greynut Investments,' said Insp Mahoko.

He said allegations are that sometime in February 2018, the victims paid various amounts of money ranging from US$485 to $7690 as instalments for residential stands that were promised...