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Zimpapers suffers $75000 swindle

Zimpapers suffers $75000 swindle

By
Published: 19 February 2016

ZIMBABWE – Former Zimpapers accountant, Nhamo Dongo, yesterday appeared in court facing allegations of defrauding the company of more than US$75 000 in pension funds.

Dongo, who was retrenched on August 7 last year, appeared at the Harare magistrates’ court facing fraud charges.

The 41-year-old was not asked to plead to the charges when he appeared before magistrate Rumbidzai Mugwagwa.

He was remanded out of custody to March 3 on US$200 bail.

Dongo was responsible for checking of the Pensions Fund payroll before sending it for approval by the Pension Fund Manager, according to the State.

It is said that sometime in November 2014, Dongo, acting in connivance with the Pension Fund administrator, hatched a plan to defraud Zimpapers.

The then Pension Fund administrator is still at large.

Reports are that the two identified deceased pensioners in the company’s computerized system and those who are on full commutations and reactivated their files.

It is said that those files were supposed to have been closed and removed from payroll.

Allegations are that Dongo and his alleged accomplice deliberately kept the files active and used the names of those aforementioned ineligible pensioners and fraudulently processed them for payment.

The payments would be made into the accounts of their respective relatives and friends, according to the State.

It said that Dongo and the said accomplice would then withdraw the money.

The court heard that Dongo and the Pensions administrator were retrenched on August 7 last year but the monies continued to be deposited into the said accounts since the pensions fund administration continued using the tempered payroll system.

Dongo and his alleged accomplice’s misdeeds came to light following an audit which led to Zimpapers, through its Loss Control manager to lodge a complaint against police.

He allegedly defrauded Zimpapers of US$75 373.91.