A Barclays Bank executive stationed at its Borrowdale Branch has appeared in court accused of transferring $6 000 from a client’s bank account to Sun Trust Bank in the United States of America without the client’s knowledge. Martha Sibongile Mashingaidze (47) of Acacia Close in Msasa Park in Harare, appeared before Harare magistrate Mr Takunda Mtetwa last Friday charged with fraud.
She is expected back in court this Thursday. The complainant is Barclays Bank of Zimbabwe’s Borrowdale Branch represented by its manager Mr Blessings Mujuru. The prosecutor Mrs Stylon Marufu alleged that on December 17 last year Mashingaidze received an e-mail instructing her to transfer $6 000 from John Chiganga’s Barclays account to a Larry Michael Fulgham’s account with Sun Trust Bank in the United States of America.
It was, however, not indicated in the court papers where the e-mail originated from. It is alleged that upon receiving the e-mail, Mashingaidze failed to authenticate the instruction according to procedure, but instead endorsed false information on the fictitious e-mail instruction to make it appear as if it was received by a separate bank official, Marjorie Chiromo.
Mashingaidze misrepresented that another bank official Tawanda Chingozha communicated with Mr Chiganga for verification before processing the transfer. The money was successfully transferred to the Sun Trust Bank, Orlando, Florida, United States of America. Investigations revealed that Mr Chiganga did not give the transfer instruction.
It was also established that Mashingaidze was aware that Mr Chiganga lost his identity and bank cards in September and that as a result Mashingaidze was instructed to block Mr Chiganga’s Visa card and to use a new mobile number for all communications. Barclays Bank lost $6 000 and nothing was recovered.