28 Nedbank tellers in forex scam
A massive scandal has rocked Nedbank Zimbabwe — a local unit of one of South Africa’s largest financial services groups — after 28 employees were nabbed by police for allegedly swindling the financial institution of over US$1,1 million through an elaborate scheme of swopping depositors’ US-dollar bank balances with electronic money (RTGS).
Some of the employees that were implicated in the scam are reportedly on the run.
It is understood that the scandal — through which bank tellers withdrew depositors’ US dollars and traded them on the parallel market while pocketing the difference — took place in the six-month period to March this year, particularly at a time when US dollar and RTGS balances were pegged at 1:1.
There are fears that creative transactions of this nature were an industry-wide practice.
However, in February, the Reserve Bank of Zimbabwe took the bold decision of floating the RTGS bank balances, which means the exchange rate is now market-determined.
Sources told The Sunday Mail yesterday that the malfeasance was detected by the Sandton, South Africa-headquartered parent of the local bank, which fished out the scammers.
The suspected fraudsters were arrested on Friday night in Harare, Bulawayo, Zvishavane and Chegutu.
In Harare, 13 Nedbank Zimbabwe — formerly MBCA Zimbabwe — tellers appeared before magistrate Mr Francis Mapfumo, who remanded them to May 8 2019 on various bail terms.
Those who were dragged to court in Harare are Etilda Deshe (39), Chamunorwa Shereni (36), Ivy Mudzingwa (36), Aysher Musoni (32), Prince Manhire (44), Shorai Chiperera (40), Blessing Mutombera (42), Upenyu Mupfure (33), Tawanda Pfuurai (34) and Sithembinkosi Mupendeka (35).
Others include Loveness Kembo (33), Freddy Tafireyi (36) and Oswell Kisi (49).
The State was represented by Linda Gadzikwa, while the accused were represented by Messrs Justin Zuze, Kuchenga Takura and Advocate Garikayi Sithole. — SundayMail