Courts & Law

Accountant steals US$20 million from Ministry of Defence

Investigations carried out have revealed that Zvineyi and his accomplices allegedly swindled the Ministry of Defence and War Veterans Affairs of US$20 million.

Story Highlights

  • Zvisineyi appeared before a Harare magistrate this week and was remanded in custody.

An accountant with the Ministry of Defence and War Veterans Affairs stole a total of US20 million over the past nine years, exposing weak financial controls in top arms of the Government.

The State says it has overwhelming evidence that Simbarashe Zvineyi committed the crime between 1 January 2010 and 31 December 2019 using multiple accounts he held with several banks.

Zvineyi allegedly committed the crime with one Muvandi, who has since fled arrest.

On several occasions Muvandi misrepresented that there were classified operations to be done and instructed the chief accountant Lameck Jackson to deposit money into Zvineyi’s NMB, CABS and Steward Bank accounts.

The court heard that Jackson transferred amounts varying from US$40 000 to US$66 000 into the supplied bank accounts over the past nine years.

Zvineyi and Muvandi were allegedly aware that no classified operations were being done for the Defence ministry and converted the money to personal use.

Investigations carried out have revealed that Zvineyi and his accomplices allegedly swindled the Ministry of Defence and War Veterans Affairs of US$20 million.

Zvisineyi appeared before a Harare magistrate this week and was remanded in custody.

His bail hearing was deferred to Monday. Meanwhile, police have launched a manhunt for his accomplice.

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