Fake bond notes continue to circulate

Zimbabwe has always been a country which does not shun away from controversy. Recently a man was caught printing counterfeit bond notes at a house in Dzivarasekwa over the weekend was released on $300 bail with stringent reporting conditions.

Prosecutor Stylon Marufu’s bid to have the suspect remanded in custody failed after magistrate Tilda Mazhande ruled that the alleged offence only means that the public should be on the lookout, adding that stringent conditions would ensure that he does not abscond.

Elton Nyamudahondo,33, of Sunningdale was arrested after being found in possession of fake $5 Zimbabwean bond notes, printing paper and equipment used to make counterfeit bills.

He is facing charges of possession of articles for criminal use under the Criminal Law Codification and Reform Act. Magistrate Mazhande remanded his case to April 3 for his trial.

The state alleges that Nyamudahondo was found in possession of 31 finished counterfeit bond notes as well as 103 semi-finished bond notes.

He reportedly had $5 counterfeit notes, 47 plain sheets of paper, an HP office scanner and 6 HP cartridges used in fraud.

Nyamudahondo was arrested after police got a tip off that he was printing counterfeit notes at his home.

Acting on the information, police officers tracked Nyamudahondo to a property in Dzivarasekwa where they found him in the process of printing counterfeit notes.