Flamboyant businessman Wicknell Chivayo’s bid for bail has been rejected.
Harare magistrate Mr Elisha Singano said Chivayo must remanded in custody until 17 August as he is considered a flight risk at this stage.
Chivayo is facing charges of defrauding the Zimbabwe Power Company of $5million. He was arrested late last week in connection with the serious fraud allegations.
His trial date is 27 August 2018.
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