However, Mwonzora maintains he did nothing wrong and that the allegation were only a smear campaign against his candidature.
In an interview with Magamba TV, the newly elected opposition leader revealed that he was tipped by police in the morning that they were under instructions to arrest him.
“I did not have physical possession of any money but Dr Khupe and company, at that point in time were feeling the pressure of the election it was clear that this election was going to be lost on their party.
“I was surprised the morning before (congress), around 5am, I received a called from the police that they had instructions to arrest and lock me up, and I have no doubt that this was meant to subtract me from the venue of the election,” he said.
Mwonzora added that, it is impossible to withdraw party funds without the involvement of other people as is being alleged.
“It is impossible in the MDC-T to withdraw money on your own without the participatory of others, it cannot just happen, and as result, the money that was used was withdrawn as a result of two signatories, one from the treasury and one from the administration that I had.
“But besides that, the congress made a resolution and the resolution is that there will be an audit of all the monies and I totally support that because I know that no money went missing at all.
“The congress took place and it costs money to do that. This was smear campaign meant to affect my chances at the congress and I am glad the MDC members saw through that,” he said.