Stanbic chief teller on trial for $160 000 theft

Aaron Rashama, a Stanbic Bank chief teller, accused of swindling his employer of $165 389, yesterday appeared before provincial magistrate, Elijah Makomo, facing charges of theft of trust property.

He pleaded not guilty to the offence through his lawyer, John Ndomene. The bank is being represented by the head of financial control, Continue Mudekwa. Allegations against the suspect are that on January 18 this year, he received and signed for $245 060 and $14 173,75 from the bank’s vault and canister, respectively. The figures were also reflected in his cash register and computer system.

The State alleges Rashama stole $164 389 and converted it to his own use and in a bid to cover up the offence, he concealed $1 notes among $100, $50 and $20 notes giving the impression that the bundles were of higher denominations. The alleged offence came to light on May 24, when Rashama reported for work and immediately left his workplace without permission from his manager, Joyce Mhlanga.