Business / Companies
Insurance agent in trouble over $1100 fraud
25 Jun 2015 at 06:09hrs | Views
The Evolution Insurance Company agent is in trouble after she allegedly defrauded the company of over $1100.
Farai Victor Mutero (26) of New Magwegwe Flats was not asked to plead to fraud charges when he appeared before Bulawayo magistrate Tinashe Tashaya last week.
The magistrate further remanded him out of custody for trial.
Mutero allegedly took one cover note book for vehicle Insurance to go and sell vehicle Insurance. He was supposed to remit the money into company account as per agreement. He allegedly sold the insurance and in April 28 when he went to the company to cash in the money it was discover by Ngwenya that $28 was stolen and he could not explain it. On April 17 at 10am Mutero went to Ngwenya again and took another cover book for vehicle insurance to go and sell the Motor vehicle insurance. He allegedly sold the insurance. On May 14 he went to the company to surrender the cover note book and did not surrender any cash.
Ngwenya discovered that he had sold all the Insurance papers with total cost of $1075 expected from him but he did not submit it. The total amount he stole from the company was $1103 and nothing was recovered.
Ngwenya reported to the policed leading to Mutero's arrest.
Source - Byo24News
