The Chipata magistrate court hears how theft of over 350 million Kwacha was unearthed at Investrust Bank Chipata branch.

Trial in the cases where two former Chipata branch Investrust Bank employees are accused of theft involving about 350 million Kwacha from customer accounts in 2009 has started in the Chipata Magistrate court.
Judge Sakala a former Supervisor at Chipata Branch Investrust Bank and Haboya Moonga, a former teller are jointly facing 11 counts of fraudulent false accounting contrary to section 326, cap 87 of the laws of Zambia.
The two are also facing charges on 11 counts of theft by servant contrary to the laws of Zambia.
Chipata Magistrate Court heard that Investrust bank Chipata branch received 111 complaints of missing money from customers’ accounts.

Investrust bank Head of Internal Audit, Shadreck Banda, who is based in Lusaka, also told Chipata Principle Resident Magistrate, Paul Chisha, that on 16th, November, 2009, one of the customers, Jalid Mushi, complained to the bank of missing 160 million Kwacha, the transaction, which was posted by Moonga as a teller.
He further told the court that Cosmos Mwamba, another client also complained of missing money in two accounts of 2.5 million Kwacha and 1.5 million Kwacha cash, the money transaction posted by Moonga.
The two are represented by the lawyers, Fed Jere and Company. Trial continues.

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