Home LOCAL NEWS Duo nabbed in TM Pick n Pay $22m fraud

Duo nabbed in TM Pick n Pay $22m fraud

Duo nabbed in TM Pick n Pay $22m fraud

Harare duo were on Thursday dragged into court on fraud charges involving $22 million that were siphoned from TM Pick n Pay supermarket bank account.

Tonderai Chagweda and Tatenda Wellington Jombe were not asked to plead when they appeared before Harare magistrate Richard Mangosi.

They will be back in court today for the continuation of their bail application.

The court heard that the two, allegedly working in connivance with Ronald Mudzingwa and Moses Banda who are still at large, hatched a plan to defraud the complainant.

They created an e-mail address Raymond [email protected]/super-markets.com and purported as if they were TM Pick n Pay’s finance manager Raymond Matsetswa and Gamuchirai Nyamuzinga, the Chief Finance Officer.

It is further alleged that the two misrepresented themselves as Matsetswa and Nyamuzinga by sending instruction forms, via e-mail, to Steward Bank with forged signatures of Matsetswa and Nyamuzinga instructing the bank to process and debit TM Pick n Pay’s Steward Bank account to four different transactions amounting to $22 million.

The complainant, authorised and processed the transaction.

The offence came to light on March 3 when TM Pick n Pay head office disputed some of the transactions on their account.

It is alleged that preliminary investigations carried out by the complainant revealed that the e-mail used by the accused persons to send the instruction forms was different from the one the TM Pick n Pay supermarket’s finance manager uses and this prompted police’s involvement leading to the accused’s arrest.

Lancelot Mutsokoti appeared for the State.