One of Zimbabwe’s leading banks, Stanbic, allegedly lost a whopping $74 000 to its employee, business banker Cosmas Kandeya, through an alleged internal scam.
Kandeya (25) has since been arrested and charged with fraud.
Kandeya, whose duties included assisting clients in opening bank accounts and filing clients’ documents, allegedly connived with one Raju Brad Tarvnton, who is still at large, and completed a fraudulent file for a company called Ringwood Investment.
This is alleged to have occurred in January this year when the bank embarked on an exercise called “Know Your Customer” through which the bank was collecting and filling information on its clients.
Acting in connivance with Tarvnton, Kandeya allegedly misrepresented to the bank management that his accomplice was the director of Ringwood Investment and was authorised to withdraw money from its account.
Ringwood Investment, a registered company run by Robert Thornton and Abdullah Kassim, is a client of the bank.
But Tarvnton is alleged to have withdrawn $74 480 between January and February.
However, Kandeya’s luck ran out when a genuine director of Ringwood Investment requested for a bank statement two weeks ago and discovered that money had been withdrawn without the directors’ consent.
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The matter was reported to the police, leading to Kandeya’s arrest. He appeared before Harare magistrate Shane Kubonera yesterday facing a charge of fraud but was not asked to plead.
The magistrate remanded him to May 31 on $200 bail and ordered him not to interfere with witnesses. Jakuosi Gibson appeared for the State.
