N Richards work­ers up for $47 000 fraud

Chronicle (Zimbabwe) - - National News - Wal­ter Mswazie Masvingo Cor­re­spon­dent

TWO N Richards Whole­sale em­ploy­ees in Masvingo have ap­peared in court for al­legedly de­fraud­ing the com­pany of $47 000.

The fraud was un­cov­ered fol­low­ing an au­dit.

The au­dit es­tab­lished that some sales re­ceipts did not tally with the money which was de­posited into the su­per­mar­ket’s ac­count.

Chiedza Gwatidzo (51) and Jamila Valentine (69) all of East­vale sub­urb pleaded not guilty to fraud charges when they ap­peared be­fore Masvingo mag­is­trate Ms Si­bonginkosi Mkandla yes­ter­day.

The two were re­manded out cus­tody to Oc­to­ber 13 for trial.

Gwatidzo and Valentine who were rep­re­sented by Mr Phillip Shumba of Mu­tendi and Shumba Le­gal Prac­ti­tion­ers de­nied hav­ing de­frauded their em­ployer.

They said the ac­count­ing sys­tem could have re­flected wrong fig­ures. of

Mr Shumba said while his clients were re­spon­si­ble for col­lect­ing cash and cash sale re­ceipts, there could have been wrong pro­gram­ming on the ma­chines re­sult­ing in the sys­tem pro­duc­ing wrong fig­ures.

For the State Ms Makaita Chikamhi said be­tween last Novem­ber and De­cem­ber, Gwatidzo and Valentine who worked as fi­nance clerks col­lected cash from the till , signed for it and handed it over to the cash of­fice for bank­ing pur­poses.

The cash sale re­ceipts and the stamped de­posit slips for the money de­posited into the bank did not add up lead­ing to the au­di­tors in­ter­view­ing Gwatidzo and Valentine.

“Some­time last month an au­dit was done and it was re­alised that $46 997 52 was not ac­counted for. A re­port to the com­pany man­age­ment was made. Gwatidzo and Valentine were in­ter­viewed over the mat­ter but al­legedly failed to ex­plain af­ter which a re­port was made to the po­lice lead­ing to their ar­rest,” said Ms Chikamhi. — @ wal­terbm­swazie2.

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