adminGreenfield Mbeya (66) allegedly secured a loan from CBZ bank on behalf of Oil Blending Pvt Ltd, a subsidiary of Petrotrade, and used his house as surety without the authority of the employer.
He later stole US$3 000 from the company coffers on the pretext that it was payment for the use of his house.
Mbeya also allegedly withdrew US$2 326 from the company’s account which he pocketed.
Mbeya was not formally charged when he appeared before magistrate Mr Donald Ndirowei, who remanded him to June 11 on US$100 bail coupled with stringent conditions.
Prosecutor Mr Tungamirai Chakurira alleged that sometime in 2009 Mbeya secured a loan on behalf of Oil Blending Pvt Ltd and used his house in Mabelreign as surety without the employer’s authority.
On December 31 the same year, it is alleged Mbeya stole US$3 000 from the company coffers and converted it to his personal use.
It is the State’s case that in a bid to cover up for the offence, Mbeya justified the withdrawal of the money by entering the money in the company records as fees for use of his house as surety to the bank.
Sometime last year, Mbeya allegedly abused the company’s account held at CBZ bank by circumventing bank withdrawal procedures.
He used his signature only to withdraw US$7 980 from the account, it is alleged. His action resulted in the company losing US$5 326.
Online Reporter