News / National
Administrator swindles university of US$600 000
11 Apr 2013 at 15:21hrs | Views
The Women's University in Africa reportedly lost more than US$600 000 to its employee who allegedly inflated salaries to swindle the institution.
Musekiwa Kadzere (44) was employed at the university as the salaries and benefits administrator and would allegedly inflate two salaries which were deposited into his bank account.
Kadzere was yesterday charged with three counts of fraud, obstructing or defeating the course of justice and money laundering when he appeared before Harare magistrate Mr Donald Ndirowei.
Mr Ndirowei denied Kadzere bail and remanded him to 25 April.
Prosecutor Mr Tungamirai Chakurira alleges that Kadzere's duties included putting data into the payroll system and capturing workers' information, running the payroll, among others.
It is alleged that he manipulated the salary payment system and produced inflated salary requests.
The university would allegedly in turn authorise the deduction of the money to meet the salary request believing the figures were true and genuine.
Between September 2011 and March 2013, the court heard, Kadzere used his CABS account number 9080098964 where he had his salary of US$662 and inflated salary of US$18 000 per month were entered.
As a result the university suffered a prejudice of US$312 703.
On the second count and on April 3 while on bail, it is alleged, Kadzere knowing his accounts were to be frozen went to his Kingdom Bank account number 233993 and accessed US$21 000.
He further made a transfer of US$100 000 to another account before attempting to withdraw a further US$89 000 on April 4 which he failed allegedly because of Reserve Bank of Zimbabwe restrictions.
On April 5, investigations reportedly revealed Kadzere bought three vehicles including a Toyota Landcruiser Prado worth US$40 000, a Toyota Corolla Fielder worth US$18 845, a Nissan Hardbody truck.
Kadzere allegedly bought two houses in Ruwa, and another house in The Grange.
Musekiwa Kadzere (44) was employed at the university as the salaries and benefits administrator and would allegedly inflate two salaries which were deposited into his bank account.
Kadzere was yesterday charged with three counts of fraud, obstructing or defeating the course of justice and money laundering when he appeared before Harare magistrate Mr Donald Ndirowei.
Mr Ndirowei denied Kadzere bail and remanded him to 25 April.
Prosecutor Mr Tungamirai Chakurira alleges that Kadzere's duties included putting data into the payroll system and capturing workers' information, running the payroll, among others.
It is alleged that he manipulated the salary payment system and produced inflated salary requests.
The university would allegedly in turn authorise the deduction of the money to meet the salary request believing the figures were true and genuine.
Between September 2011 and March 2013, the court heard, Kadzere used his CABS account number 9080098964 where he had his salary of US$662 and inflated salary of US$18 000 per month were entered.
On the second count and on April 3 while on bail, it is alleged, Kadzere knowing his accounts were to be frozen went to his Kingdom Bank account number 233993 and accessed US$21 000.
He further made a transfer of US$100 000 to another account before attempting to withdraw a further US$89 000 on April 4 which he failed allegedly because of Reserve Bank of Zimbabwe restrictions.
On April 5, investigations reportedly revealed Kadzere bought three vehicles including a Toyota Landcruiser Prado worth US$40 000, a Toyota Corolla Fielder worth US$18 845, a Nissan Hardbody truck.
Kadzere allegedly bought two houses in Ruwa, and another house in The Grange.
Source - Herald
