20 December 2012

Zimbabwe: Teller Swindles U.S.$70

A TN bank teller allegedly teamed up with two former contract workers and reportedly swindled the bank of US$70 000 after crediting uncollected cards with funds. The bank teller Wilbert Mhariwa (24), Misheck

Chiutsi (21) and Corbrian Chokani (29) were on Tuesday not formally charged with theft of trust property when they appeared before Harare magistrate Ms Anita Tshuma.

They were remanded out of custody to December 31 on US$500 bail each. The complainant is TN Bank represented by its risk manager Sheperd Mabunjwa (40).

Mhariwa was employed as a teller while Chiutsi and Chokani were former contract workers at TN Bank.

According to court papers TN Bank runs a facility of cash cards where applicants are issued with a money card which can be used in shops with ATMs.

The cards are credited with money in TN Banking halls after the owner approaches the bank with the money he or she wants to deposit into the cash card.

The use of the cash cards goes in two functions, which are online and offline system.

It is the State's case that the offline system can accommodate TN cash card holders who are non TN Bank account holders while the offline system can only be used by TN cash card holders who have TN Bank accounts.

This system allows the cash card holder to access money held in his TN Bank account on ATM points of sale.

It is alleged that Mhariwa, whose duties were to credit clients' money into their cash cards at Kuwadzana Bank, hatched a plan to steal from TN Bank through use of uncollected cash cards.

The State says he used his position to activate uncollected cash cards and started crediting them with the funds from the bank.

Later, it is alleged, he arranged with Chiutsi and Chokani to do the withdrawals from the fraudulently credited cash cards.

It is alleged that from September to December 10 this year Mr Tafadzwa Chingandu who is a cash card operation supervisor discovered the offence and alerted the superiors which led to the arrest of the trio.

The State says as a result TN Bank suffered an actual prejudice of US$72 117.

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