The owner of CMD fashions, Consecration Mapuranga, has come under fire following allegations that he defrauded dozens of people through his investment scheme, CMD Investors.
The businessman, who runs Consecration Mega Deals Fashions, is accused of collecting money from individuals with promises of returning it with interest — but several clients claim they have not received their payouts since August.
According to aggrieved investors, Mapuranga encouraged them to invest varying amounts of money, assuring quick returns. However, the promised payments reportedly never came, leaving many people demanding refunds.
One of the affected clients, who preferred to remain anonymous, said they had lost hope of recovering their money.
“We trusted him because he sounded genuine and even showed us proof of other people who were supposedly paid before. But since August, he has been giving excuses,” one of the client said.
In response to the allegations, Mapuranga dismissed the claims, insisting that his businesses are operational and legitimate.
“All of our companies are working. Those who have complaints should go and report to the police,” he said.
Meanwhile, some of the investors say they are now considering taking legal action to recover their funds. Police have not yet issued an official statement regarding the matter.
The CMD Fashions controversy has sparked renewed debate on the rise of informal investment schemes in Zimbabwe, with authorities urging the public to exercise caution and verify the legitimacy of financial ventures before committing funds.
Source: HURUMENDE
