Bank clerk, cop in $158m fraud

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Blessing Masakadza
STAFF WRITER
masakadzab@dailynews.co.zw

A POSB Bank accounts clerk, who allegedly connived with a police officer in defrauding the bank of $158 million, has been granted bail.

Mercy Meda, 34, is jointly charged with police assistant inspector Martin Mavhiya and John Nyika on allegations of fraud.

They were yesterday granted $5 000 bail by Harare magistrate Barbra Mateko after their lawyers Paidamoyo Saurombe and Obey Shava successfully applied for bail.

The State had opposed their admission to bail saying they were likely to abscond and not stand trial.
It is alleged that the three, in connivance with four other people still at large, hatched a plan to defraud the bank by manipulating the computer network system.

State counsel Lancelot Mutsokoti said on June 13, Meda deposited an amount of $32 million in Mavhiya’s POSB Bank account.

The court heard that on June 14, Mavhiya and Nyika went and purchased groceries of over $6 000 in various supermarkets from the said deposited money.

The State said they have evidence in the form of receipts from the supermarkets to prove the case. Meda is alleged to have made deposits of $30 million in three other bank accounts and $36 million in another account.

The court heard that the offence came to light on June 15 when POSB international bank manager conducted a reconciliation of the transactions made on June 13 on the general ledger and noted the transactions with high values and irregular source.

She notified the bank authorities and reversed $156 690 000 from the syndicate’s five bank accounts.
The three will be back in court on July 30.

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