HomeLocal NewsInnscor manager further remanded

Innscor manager further remanded


A manager at Innscor retailing outlet, Inns Express, facing charges of allegedly defrauding his employer of more than $22 000 after allegedly manipulating a company bank facility was yesterday further remanded to September 13.

Tafadzwa Mutizwa (22), a manager at Inns Express, at the corner of 11th Avenue and Fort Street in Bulawayo, was again not formally charged with fraud when he briefly appeared before Bulawayo magistrate Gideon Ruvetsa.
He is out on $200 bail.

Charges against him are that sometime in January, Hardwrite Trading Private Limited, a subsidiary of Innscor which operates Inns Express supermarkets, entered into an agreement with Kingdom Bank in which the bank installed swipe machines.

The facility was to allow the bank’s clients who hold cell card accounts to purchase goods from outlets without paying cash upfront.

However, part of the agreement was that the machines would only be used for purchases and not for any other purposes.

After the installation of the machines, Mutizwa allegedly noticed that it was possible to make deposits and withdrawals at the supermarket.
He allegedly decided to defraud his employer and opened an account with Kingdom Bank to execute his scam.

Between March and July on 130 occasions, Mutizwa allegedly made transactions at the outlet, purporting to have deposited cash into his account.
The bank would then credit his account with money deposited by his company into its bank account.

After the bank had credited his account with the company funds, he allegedly made a withdrawal of $22 500.

The offence was only unearthed on July 18 following an internal audit which led to Mutizwa’s arrest.
Only $783 was recovered in his account.

Simbarashe Chivaura is representing Mutizwa with Jerry Mutsindikwa prosecuting.

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