adminNyore Madzianike Senior Court Reporter
FOUR GetBucks Microfinance Bank Limited employees appeared in court yesterday on allegations of creating fictitious accounts for clients to defraud the financial institution of nearly $4 million.
Mozisi Machesu, Tafadzwa Sandi, Kuzivakwashe Mudzingwa and Gillian Nyengere were not asked to plead to the charges when they appeared before magistrate Mrs Judith Taruvinga, who remanded them to September 24 on $10 000 bail each.
Machesu is employed as exchange control manager while Sandi is in the international banking and exchange control office.
Mudzingwa is employed as an international banking and exchange control officer while Nyengere is the regional sales manager.
The court heard that all the four had credentials enabling each of them to access the bank system called BR.Net where they could do some banking transactions.
Prosecutor Mr Lancelot Mutsokoti alleged that on August 19 this year, GetBucks’ chief finance officer, Wimbayi Chigumbu, noted anomalies on some clients’ accounts which raised suspicion.
It is said that the financial institution launched an investigation and established that the quartet were conniving to defraud the bank. The court heard that Nyengere, Sandi and Kuzivakwashe Mudzingwa were initiating unauthorised transactions which Machesu would allegedly authorise.
It was also further alleged that from October 22 last year to August 20 this year, Nyengere initiated transactions of $461 500, which she moved from retail loans control account general ledger number 82002005 and receivables financing general ledger number 82002002 to individual GetBucks savings account number 0012020000 belonging to Rutendo Mariwo.
Mr Mutsokoti alleged that the transactions were authorised by Machesu, who would then move the funds from Mariwo’s account into his GetBucks account or into his co-accused accounts where they would access the money.
The financial company allegedly discovered that during the same period, Sandi fraudulently initiated $1 644 203, which he moved from retail loans control account general ledger number 8200ZOO and receivables financing general ledger number 82002002 to individual GetBucks savings account number 0012020000, belonging to Mariwo and account number 00120200010441 belonging to Nyangu Chiratidzo Mariwo.
Machesu allegedly authorised the transactions.
It was also said that Mudzingwa used the same modus operandi and transacted $1 893 107 resulting in the company losing a cumulative $3 998 810.
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