News / National
Salesman arrested for US$38,000 fraud
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A sales assistant from Bulawayo, Samuel Chifana, appeared before Harare Magistrate Dennis Mangosi on Friday facing allegations of fraud amounting to over US$38,000. Chifana (31), who works at Hyperfeeds Animal Nutrition (Private) Limited, was granted US$100 bail and remanded to appear in court again on January 13, 2024.
The complainant in the case is Hyperfeeds, represented by Archford Muyambo, which operates a branch in Waterfalls, Harare. According to the prosecution, on September 30, an internal audit at the Waterfalls branch revealed discrepancies amounting to US$14,114. Further investigations on November 8 uncovered additional irregularities, including goods worth US$5,209 that could not be accounted for.
A subsequent physical stocktake conducted at the branch also revealed a stock shortage valued at US$19,038. These findings led to Chifana's arrest, with the company alleging that he was responsible for the discrepancies.
The case has raised concerns regarding internal controls at the company, with authorities continuing to investigate the full extent of the fraud. Chifana, who denies the charges, is expected to return to court in the new year to face the allegations.
The complainant in the case is Hyperfeeds, represented by Archford Muyambo, which operates a branch in Waterfalls, Harare. According to the prosecution, on September 30, an internal audit at the Waterfalls branch revealed discrepancies amounting to US$14,114. Further investigations on November 8 uncovered additional irregularities, including goods worth US$5,209 that could not be accounted for.
A subsequent physical stocktake conducted at the branch also revealed a stock shortage valued at US$19,038. These findings led to Chifana's arrest, with the company alleging that he was responsible for the discrepancies.
The case has raised concerns regarding internal controls at the company, with authorities continuing to investigate the full extent of the fraud. Chifana, who denies the charges, is expected to return to court in the new year to face the allegations.
Source - thestandard
