BULAWAYO – A Stanbic Bank employee in Bulawayo has been hauled before the courts for embezzling bank funds on the pretext that a client who had cancelled his loan application still needed the loan.
Lucia Titani Dube, 45, appeared before Bulawayo magistrate Gladmore Mushowe facing fraud charges.
She was not asked to plead but was remanded out of custody to November 14.
It is alleged that sometime in April, Menard Shiri applied for a loan of $1 150 through Dube.
Shiri later cancelled the loan but Dube went ahead and processed the application, and forwarded it to management for approval.
After the loan had been approved, the accused then transferred the money to her friend Faith Tshuma’s account which she later withdrew and used.
The matter came to light when Shiri approached the bank complaining that money was being deducted from his account for loan repayments yet he had cancelled his loan application.
Bank management carried out investigations and discovered that Dube had processed the loan which was indeed approved.
The matter was then reported to the police leading to her arrest.