Flamboyant socialite and businessman Genius Kadungure who is popularly known as Ginimbi yesterday was granted $1 000 bail at the High court and was ordered to surrender tittle deeds of a Borrowdale property and to report once every Friday at CID Commercial Crimes Division.
Ginimbi had spent five nights in police custody and at the Harare remand prison after he was arrested on allegations of fraud ,money laundering and tax evasion.
He was denied bail when he appeared in court on Friday despite the fact that state prosecutors had actually consented him for $1 000 bail.Harare magistrate Ms Bianca Makwaande had argued that Kadengure’s release would undermine public confidence in the criminal justice system.
After getting released on bail ,Ginimbi went on a shopping spree at Chicken Inn where it is said that he bought 1 200 ‘2 piecer’ chicken inn packages for inmates at the remand.
Earlier this week he had paid for 50 prisoners who had failed to source for their freedom ,with his own money.