Online Reporter
Prosper Dembedza
Herald Correspondent
Business development manager in court over US$747 968 fraud allegations
A 53-year-old business development manager with Nemala Private Limited appeared in court on Saturday facing allegations of defrauding her business partner of US$747 968 by forging his signature and withdrawing funds from their company bank account.
Marjoury Zondo appeared before Harare Regional Magistrate Mr Lazini Ncube on fraud charges.
She was remanded in custody to today for a bail hearing.
The court heard that between February 20, 2024, and June 12, 2026, Zondo was one of the authorised signatories to the complainant’s CBZ Bank account number 25082290028, which required both signatories to authorise transactions.
It is alleged that Zondo took advantage of the complainant’s absence while he was in Mozambique and, on various occasions, forged his signature on cash withdrawal slips, falsely indicating that he had approved the transactions before submitting the slips to CBZ Bank for processing.
The court heard that Zondo subsequently withdrew funds from the account without the complainant’s knowledge or authorisation.
The matter came to light when the complainant discovered that he had lost access to his Corporate 7 Microsoft internet banking mailbox linked to the CBZ Bank account.
Believing that the account had been compromised, he approached the bank and obtained a statement, only to discover that funds had been withdrawn on several occasions by Zondo using withdrawal slips allegedly bearing his forged signature.
The complainant subsequently filed a police report, leading to investigations and Zondo’s arrest.
As a result of the alleged fraud, the complainant suffered a financial prejudice of US$747 968.
Nothing has been recovered.
