Quest Financial Services reportedly lost over $150 000 to a senior staffer who is said to have connived with the company’s cashier.

Chipo Chiweshe (42), who was employed as a supervisor, and Angeline Muchaneta Iron (29), the company’s cashier, were responsible for cashing out money and disbursing loans to clients.

The pair recently appeared in court before Ms Tilda Mazhande facing charges of theft of trust property.

They were granted $300 bail each coupled with some conditions.

They are expected back in court on April 30 when they will be furnished with their trial date.

Appearing for the State, Ms Linda Gadzikwa alleged that sometime in January, the company’s managing director Mr James Msipa discovered that their cash float was dwindling and instructed the accountant, Belinda Ndangana, to carry out reconciliations.

An audit was then carried out and it was discovered that the two had converted $103 000 to their own use. They were supposed to transfer the money to clients, the State alleged.

According to the State, It was also discovered that in a bid to cover-up for the offence, the pair inserted fictitious figures on their daily cash balancing report purporting that they had given loans to clients.

Mr Msipa went on to obtain an Ecocash print-out in respect of the company’s Econet lines which the pair used in the course of their duties to transfer money to clients.

It then came to light that from April last year to March this year, Iron and Chiweshe had transferred $50 000 through Ecocash into another number which they fraudulently registered in the name Quest Roadport Financial Services, the court heard.

A report was made to police leading to the arrest of the two.

The company allegedly lost $153 000 and only $11 307 was recovered from Iron. — Herald Reporter.

You Might Also Like

Comments

Take our Survey

We value your opinion! Take a moment to complete our survey