CEO in $54 000 fraud

HARARE - A chief executive with a local computing firm appeared in court yesterday after he allegedly used his company’s name to obtain a $54 000 loan while using a Nestle Zimbabwe purchase order.

Saul Steenbok, 35, resigned from Broadnet Africa (Pvt) Ltd, a firm that is in the business of computer systems and communication after his offence was unearthed.

The court heard sometime in December 2012 Steenbok and his accomplice Gabriel Nicklaa, 31, approached Tetrad Investment Bank (TIB), where Broadnet had secured trade financing facilities.

Without the knowledge of Broadnet, the two men allegedly used a purchase order from Nestle to obtain a loan amounting to $54 000 and used the money for their own use.

The offence came to light when Broadnet approached TIB for another loan, only to be turned down on the strength that they had an outstanding amount that had not been settled.

On February 18, the two men allegedly hatched a plan to defraud one Rosyleen Mutandi and went on to raise purchase orders with Mutandi while using Broadnet’s name.

Prosecutor Tungamirai Chakurira alleges that Mutandi supplied eight computers valued at $3 480 which were received by Steenbok and Nicklaa.

Allegations are that the two promised to pay within 10 days. The two kept the machines while Broadnet was billed.

Mutandi realised he was duped after her Interfept Trading (Pvt) Ltd company made a follow up on the payment, only to be told by Broadnet that it did not buy anything from her.

Magistrate Don Ndirowei remanded the two men to May 27 on $200 bail each and ordered them to surrender their passports as part of the bail conditions. - Helen Kadirire


Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.