Manager sells bank vehicle

A First Capital Bank manager has appeared before the Harare Magistrates' Court facing allegations of unlawfully selling a company vehicle valued at US$45 000 without authorisation.

Stanley Tasiyana (39) appeared before magistrate Mrs Jesse Kufa charged with theft of trust property and was granted US$500 bail.

The complainant in the matter is First Capital Bank, represented in court by its security officer, Mr Blessing M'nyulwa.

Prosecutor Mr Lancelot Mutsokoti alleged that Tasiyana, who was employed as a manager at the bank, had been issued a Toyota Hilux double cab for official duties.

The court heard that on May 5, 2026, the bank instructed him to surrender the vehicle for routine servicing and inspection. However, he allegedly failed to comply and instead applied for sick leave.

According to the State, the bank grew suspicious and activated the vehicle tracking system on May 7, 2026, which led investigators to a property in Borrowdale West, Harare, where the vehicle was reportedly found in the possession of Lin Zhouhui.

Investigations allegedly revealed that Zhouhui had acquired the vehicle through an agreement of sale dated April 7, 2026, indicating a purchase price of US$37 000, with an outstanding balance of US$7 000 pending transfer of ownership.

Police say further inquiries established a chain of transactions involving intermediaries, including Ronald Chinanga and Tawanda Chingwaru, who allegedly facilitated the sale of the vehicle.

Court proceedings heard that Chingwaru confirmed purchasing the vehicle from Tasiyana before reselling it through Chinanga to Zhouhui.

Chinanga allegedly produced a separate agreement of sale dated September 25, 2025, showing that Tasiyana had initially sold the vehicle to Chingwaru for US$35 000.

The vehicle was eventually recovered and has since been impounded at ZRP Borrowdale as an exhibit.

Tasiyana was later arrested and remanded on bail while investigations continue.