Monday, 16 February 2015

Manager defrauds Steward Bank of $180K

A manager with Steward Bank allegedly defrauded the bank of over $180 000 by creating fictitious credit accounts that he used to purchase air tickets, withdraw cash as well as buy goods in foreign coun- tries.
A manager with Steward Bank allegedly defrauded the bank of over $180 000 by creating fictitious credit accounts that he used to purchase air tickets, withdraw cash as well as buy goods in foreign coun- tries.
It is alleged Albert Chinamano (35) fraudulently applied for credit cards using the names of non-existing people before using the cards to buy goodies and other services.

Upon his arrest, Chinamano of Borrowdale in Harare was found in possession of 150 credit cards.

He appeared before magistrate Mr Milton Serima yesterday charged with fraud.

With the consent from the Prosecutor-General's Office, Mr Serima granted him $300 bail coupled with some stringent conditions.

As part of his bail conditions, Chinamano was ordered to surrender his passport, report at CID Homicide three times a week and reside at his given address until the matter is finalised.

He is being represented by Mr Admire Rubaya of Rubaya and Chatambudza Legal Practitioners.

Appearing for the State, Miss Sharon Mashavira alleged that Chinamano committed the offence between March last year and January this year.

It is the State's case that Chinamano unlawfully and intentionally applied for credit cards in the names of non-existing account holders.

The court heard that he allegedly used the cards to withdraw cash, paying for air tickets and purchasing goods in foreign countries.

The offence came to light when the bank was conducting routine checks with its clients.

The officials discovered that several credit cardholders were fake and a report was made to the police, the court heard.

Investigations led to Chinamano's arrest.
Source: Herald
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