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Zimbabwe: Bank Teller Accused of Stealing $164,000 Acquitted

bycitibusinessnews
January 26, 2017
in Africa, Southern Africa
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A STANDBIC Bank teller was accused of stealing $164,000 from cash vaults was Wednesday acquitted after a Harare court ruled that prosecutors failed to prove their case.

Aaron Rashama, 45, of New Bluffhill in Harare was facing theft of trust property charges and out of custody on $1000 bail.

Despite insisting that Rashama was captured on CCTV taking the money, prosecutors failed to produce the video footage in court.

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“Whether it was deliberate or pure ineptitude one cannot tell,” magistrate Elijah Makomo said.

“It is alleged that the accused could be seen entering the vault on his own on the CCTV video footage but no one cared to bring the footage leaving the court to doubt as to whether the accused was indeed captured entering the vault on the day in question.”

According to the State, Rashama was in charge of the cash vault and his duties included cashing and deposits, vault custody, foreign exchange and query resolution.

Prosecutors alleged that on January 18 last year, Rashama received and signed for $245,060 and $14,173, 75 vault and canister cash respectively.

Court heard that the money reflected in Rashama’s cash register as well as on the bank’s computer system.

On May 24, Rashama reported for work as usual, but left immediately without the branch manager’s permission.

After realising that he had taken too long coming back, the branch manager Joyce Mhlanga phoned Rashama on his mobile phone but the phone went unanswered and was later on switched off.

Court heard that Mhlanga notified the Stanbic’s head of financial crime control, Continue Mudekwa, and the investigations manager, Stanley Shaninga.

The pair visited the branch and noticed that Rashama had also taken with him keys to the vault and canister.

Using spare keys, they discovered that $4,252 was in the vault instead of the $154,560 reflecting in the cash register while the canister had $3,323 instead of $20,404 also reflecting in the cash register.

It was also alleged that the sealed bundles Rashama was keeping in the vault were made up of $1 bills instead of $100, $50 and $20 notes.

The bank lost $164,389 and nothing was recovered.

–

Credit: All Africa

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