Former Old Mutual employee in Pension Scam

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A FORMER Old Mutual Insurance employee appeared at the Harare Magistrates’ Court yesterday facing charges of swindling the company of $55 997 in a pension payment scam.

It is the State’s case that sometime between March and July this year, Chaka fraudulently tampered with the pensioners’ data and created fictitious names and particulars of beneficiaries, altered retirement dates of pensioners and inflated the pension capital values.
Chaka then allegedly used the fictitious particulars to open eight bank accounts and diverted the money into those accounts.
The alleged offence was eventually discovered by the firm’s audit team, leading to Chaka’s arrest.
Sebastian Mutizirwa appeared for the State. – Newsday
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