ZB Bank Teller Arrested For Stealing US$50K from Delta Deposits

Police have arrested Henry Tayengwa, a ZB Bank teller based in Rusape, on allegations of stealing funds amounting to US$50K from Delta deposits. Tayengwa is accused of diverting the funds to his personal Ecobank account.

Legal Proceedings Commence

Represented by Mr. Munyaradzi Manyengavana of Manyengavana Law Chambers, Tayengwa appeared before Rusape magistrate, Mrs. Patience Chirimo, to face a single count of theft. Although he was not asked to enter a plea, Tayengwa was remanded in custody pending his bail application.

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The Scheme Unveiled

According to the state prosecutor, Mr. Marlon Makamba, Tayengwa had been executing his fraudulent scheme for the past nine months. As a teller at ZB Bank, he received substantial cash deposits from Delta Beverages but intentionally failed to deposit the full amount. This discrepancy was only detected by Ecobank, raising suspicions and triggering an investigation.

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The Modus Operandi

Between February and November 16, 2023, Tayengwa devised a plan to pilfer funds from the bank. Under the guise of depositing money into Delta Beverages’ Ecobank account, he misrepresented the actual amounts and pocketed a portion of the funds. The total sum misappropriated amounted to US$ 50,909. CCTV footage obtained during the investigation revealed Tayengwa stealing money from the deposits on multiple occasions.

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Arrest and Evidence

Upon his arrest, Tayengwa was found in possession of deposit slips that contained various amounts stolen from ZB Bank. Unfortunately, no funds were recovered at the time of the arrest.

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Conclusion

The arrest of Henry Tayengwa sends a strong message that financial misconduct will not go unpunished. Cases of employees defrauding their bosses are on a rise as indicated by a similar report by H-Metro of two men who defraud a businessman in a cement deal.