ZIMBA CHARGED WITH P2M FRAUD

A Zimbabwean has been charged with a multi Pula banks fraud in Botswana. Farai Mangombe, who was initially charged with 16 counts of crimes including forgery, uttering a false document, theft and obtaining by false pretences, was found guilty of at least nine.

Mmegi reports that Mangombe is alleged to have been the mastermind of a syndicate that was made up of two Zimbabweans and five Batswana that defrauded Standard Chartered Bank Botswana, First National Bank Botswana and Barclays Bank Botswana of an amount close to P2 million in 2016.

Principal Magistrate Goodwill Makofi revealed that Mangombe is charged alongside with Lawrance Bakang Magasula and Kabelo Mathe, who were later introduced as accomplices.

Makofi said Mangombe made a false document purporting it to be cheques drawn by different local companies in favour of their employees as the payee when in fact it was not thereby inducing bank employees into believing that indeed the cheques were genuine.