Clerk nabbed for US$200k theft

Zvikomborero Parafini
A COMPANY clerk has been dragged to court after he allegedly stole US$200 000 from his employer.

Tapiwa Makwindi of Powerspeed Electrical was not asked to plead when he appeared before a Harare court.

The court heard that Makwindi was employed as a clerk, whose duties included preparing payment requisitions, processing supplier payments, generating payment batches in various internet bank accounts and carrying out bank re-conciliations for the company.

It is the State’s case that in November last year, Makwindi planned to steal from the company and used his banking credentials to log into the company’s CABS Nostro account.

He transferred money into various bank accounts where he would then collect cash from the receivers.

From the period to July 5, he transferred over US$200000, which he converted for his own use.

The offence came to light on July 6 this year when the company’s group finance director launched investigations.

He found out that Makwindi had recently sent US$13 000 to Kumbiraishe Ngundu and another US$26 000 to Houghton Park Service Station nostro accounts, without the company’s permission, leading to his arrest.