Home LOCAL NEWS RBZ nails CBZ, EcoBank over cash leakage

RBZ nails CBZ, EcoBank over cash leakage

CBZ MANAGER VANISHES WITH $300K

Police are investigating a case in which CBZ Bank released new $2 notes amounting to $44 180 to a single customer.

CBZ MANAGER VANISHES WITH $300K

This followed a picture of wads of new notes stashed in a black plastic container that went viral on social media. In a statement, RBZ said it established that a CBZ bank customer had withdrawn $44 180 and the police have now taken over investigations.

Reserve Bank of Zimbabwe (RBZ) says Ecobank is responsible for releasing the wads of brand new notes circulating on social media.

RBZ Governor Dr John Mangudya has this afternoon indicated that Ecobank released $15 000 to one of its customers. Both Ecobank and the customer are now assisting police with investigations.

ECO BANK

Said Dr Mangudya in a statement released to The Herald this afternoon; “The bank has conducted investigations on the matter, and the findings are that the banknotes in the circulating pictures emanated from Ecobank.

“Preliminary investigations by RBZ at Ecobank indicate that an amount of $15 000 was withdrawn by one of their customers.
“Ecobank, together with their customer, are now assisting the Zimbabwe Republic Police with further investigations.”

Dr Mangudya said appropriate disciplinary measures will be taken against the bank.

More to follow…

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