Bank employee in court over fraud

0
645

An alleged plot by a Stanbic Bank employee in Harare to defraud his employer of over $28 000 backfired after a routine inspection at the bank unearthed the scam, leading to his arrest.

BY PHILLIP CHIDAVAENZI
SENIOR REPORTER

Tinomudashe Samuel Chitonga (27) of Unit O, Seke in Chitungwiza who was based at the bank’s Nelson Mandela branch was remanded to February 10 on $200 bail when he appeared before Harare magistrate Donald Ndirowei yesterday.

Prosecutor Sharon Mashavira told the court that between August 2013 and January 2014, Chitonga connived with one Ngoni Mutemaringa, who is still at large, and hatched a plan to defraud the bank, which was represented in court by its Financial Crime Control Manager, Stanley Shaninga.

It is alleged that the defendend would on several occasions make fictitious details on reports concerning Visa cards transactions done by customers, which he would send to the bank’s operations department for processing. On the reports, the accused would allegedly inflate the figures being posted from the Expense Account to the Suspense Account.

The reports would then cause the bank’s operations department to transfer the inflated amounts from the Suspense Account to the accused person’s accomplice Mutemaringa’s bank account, it is alleged.

Further allegations were that the accused person would then withdraw the money using his accomplice’s Stanbic Bank card and share the spoils with him.

The offence came to light during a routine check by the accused person’s supervisor Robert Mugayi, prompting the complainant to make a report to the police.

The accused person was arrested on January 18, 2014.

Out of a total amount of over $28 000 that the accused defrauded the bank, only $1 858 was recovered.