LATEST: Chivayo denied bail, trial set for 27 August
Controversial businessman Wicknell Chivayo, mired in a Zimbabwe Power Company tender scandal, has been denied bail by Harare provincial magistrate Elisha Singano.
Chivhayo (39) was arrested on Thursday over a $5 million payment he received for the Gwanda Solar Project but undertook nothing meaningful at the site.
He appeared in court on Monday morning facing charges of fraud, money laundering and contravening the Exchange Control Act.
He is being charged together with his company Intratrek Zimbabwe.
In denying him bail, Singano said the socialite was a flight risk considering that when the day he was arrested last week, he was pulled from the plane at the Robert Gabriel Mugabe airport as he was about to depart to South Africa.
“The accused person is well connected; he might process travel documents to skip trial,” Singano said while advising him to apply for bail at the High Court.
Trial commences 27 August.