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Four Employees Swindle $4 Million From Getbucks Microfinance Bank

Four Employees Swindle $4 Million From Getbucks Microfinance Bank

Four Employees Swindle $4 Million From Getbucks Microfinance Bank

Four Employees Swindle $4 Million From Getbucks Microfinance Bank

Four employees from Getbucks Microfinance Bank on Tuesday appeared at the Harare Magistrates’ Court after they reportedly swindled their employer of $3 998 810.00.

Mozisi Machesu, 39, Tafadzwa , 37, Kuzivakwashe Mudzingwa, 22, and Gillian  Nyengere,38,  appeared before magistrate  Judith Taruvinga charged with fraud.

The complainant in this matter is Getbucks Microfinance Bank Limited being represented by Linda Kufa.

According to court papers, circumstances are that the four accused persons in their capacity have credentials that enable each of them to access the Bank system called BR.Net where they could do some banking transactions.

On 19 August 2021, the complainant’s Chief Finance Officer Wimbayi Chigumbu noted some anomalies on some clients accounts which brought suspicion on one of the bank employees.

This prompted a team comprising of the Finance Department, the Risk, ICT Department and Small to Medium Enterprise Department to do some investigations.

During the investigations, the team established that the four accused persons named above were conniving to steal the bank’s money fraudulently.

The State alleges that the team discovered that during the period extending from 22 October 2020 to 20 August 2021, Nyengere fraudulently initiated transactions amounting to ZW$461 500-00 which she moved from a Retail Loans Control account number, General Ledger and Receivables Financing General Ledger number to an Individual GetBucks Savings Account number belonging to Rutendo Mariwo.

These transactions were being authorised by Machesu who would, in turn, move the funds from Mariwo’s account into his GetBucks account or into accused 2, 3 or 4’s accounts where they would finally access the money.

Further allegations are that the team also discovered that during the same period Tafadzwa Sandi fraudulently initiated transactions amounting to ZW$1 644 203-00 which moved from Retail Loans Control account, General Ledger number and Receivables Financing General Ledger to Individual GetBucks Savings Account number belonging to Mariwo and also into Individual GetBucks Savings Account number belonging to Nyangu Chiratidzo Mariwo.

The transactions were also being authorised by Machesu who would in turn move the funds from the individual accounts into his GetBucks account or the other 3 accused’s accounts where they would finally withdraw it and share the spoils.

As a result of the accused’s actions, Getbucks Microfinance Bank suffered an actual financial prejudice of ZW$3 998 810-00 and nothing was recovered.

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    Source: Iharare