Ex-Zimpapers Accountant in Court
A Zimbabwe Newspapers Group Limited (Zimpapers) former accountant yesterday appeared in court for swindling the company of about $400 000.
Majahaodwa Dubihlela (41) appeared before Harare magistrate Mr Tendai Mahwe.He is facing three counts of fraud and was remanded to July 22 on $500 bail. As part of his bail conditions, Dubihlela was ordered to report on Fridays at ZRP Bulawayo, to reside at his given address and not to interfere with State witnesses.
The complainant, Zimpapers is represented by its loss control manager Mr Pattson Katsande. The court heard that Dubihlela was an accountant based at Natprint (Pvt) Limited, a subsidiary of Zimpapers located in Southerton, Harare.
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| Ex-Zimpapers Accountant in Court |
The quartet allegedly withdrew $407 746, 39 from Natprint cash account on the pretext of buying stock which included paper and board, litho ink, work in progress, photo film and machine oil.
It is alleged that Munorwei and Kariwo prepared journals which Dubihlela and Maphosa deliberately avoided approving.
The pair posted the entries to stock and cash accounts to make it appear as if cash withdrawn was used to buy the stock. The quartet shared the loot. The court heard that on February 19 last year, two cash vouchers numbered 150200047 and 1500042 of $267 were prepared by Dubihlela and Munorwei for payment to Africa Online.
Cash payment voucher of 1500042 was deposited into Africa Online's MBCA bank account.
The remaining cash voucher was converted to personal use. On May 5 last year, Dubihlela and Munorwei prepared two cash requisitions of $373 for payment of William and Over (Pvt) Ltd.
Only one cash payment was done to William and Over (Pvt) Ltd while the other cash voucher was converted to personal use.
Zimpapers lost $408 386, 39 and nothing was recovered.
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