Bank employee arrested for embezzling 2.5 million meticais in Chimoio

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Bank employee arrested for embezzling 2.5 million meticais in Chimoio

11:35 CAT | 28 Jun 2017

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A treasurer at a branch of the Commercial and Investment Bank (BCI) in the city of Chimoio, Manica province, is being held by police on charges of embezzling about 2,500,000 meticais [around US$41568.68 at current exchange rates] of the bank’s funds.

According to Manica police spokeswoman Elsídia Filipe, the accused is 29 years old and fled to the city of Tete when his crime came to light. Filipe said that the accused was arrested in the village of Mucumbura, Mágoè district, at the home of a girlfriend who works for a health organisation.

The accused acknowledged his crime, without offering any reason for it, and said that it took him about a year to steal the money. He said the intention was to withdraw small amounts of money from the main safe of the bank at a time, but the situation spun out of control and he discovered that the amount missing was larger than anticipated.

“I was a treasurer and I would take the amounts little by little,” Joaquim said. At first, he was able to hide the deficits when he closed the accounts, but after a certain point, it became impossible to cover up the theft any longer, so he opted to flee. “I don’t know how it happened,” he said, while owning that he was aware it was a crime. “I’m sorry.”

Also in Tete, an individual is in police hands for involvement in a fraud involving promises of employment.

Source: A Verdade