HomeLocal NewsRBZ trio guilty of $400 000 theft

RBZ trio guilty of $400 000 theft


The Reserve Bank of Zimbabwe (RBZ) lost $400 000 in June last year, to three employees based at its retail banking section through a well-orchestrated scam, it has emerged.

The three, Sydney Pamire (36), Stanley Tichaona (28) and Muscelyn Nyasha Mpinyuri (38), are said to have destroyed a teller log report and pages from the books containing the fraudulent transaction in a bid to conceal the theft.

But investigations that were conducted by the police revealed that the trio, in collusion with one Greyson Buzuwe, who is still at large, stole the cash and shared $100 000 each.

Police managed to recover $255 998.

Pamire, Tichaona and Mpinyuri appeared before regional magistrate William Bhila, who convicted them despite their plea of innocent.

They were remanded out of custody to Monday next week for sentence.

According to the facts presented by prosecutor Dumisani Mthombeni, on May 14 last year, Mpinyuri, who was employed by RBZ as a manager, Pamire, a supervisor, and Tichaona, a bank teller, connived with Buzuwe to steal.

On the day in question, Tichaona, who was manning teller-6, requested for $400 000 from the vault custodians, Pamire and Maxwell Shumbayaonda, ostensibly to pay a client whose name he did not reveal.

He took the money to his three accomplices and shared it equally after which they destroyed teller-6 log report and plucked off pages from the inter-teller book which was supposed to contain information of the transaction.

Their luck ran out when Tsitsi Hungwe, who was acting senior bank finance manager, picked the anomaly when she was producing the end of May provisional trial balance.

She reported the matter to the authorities, leading to the arrest of the three.

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