A bank teller and a security guard have been implicated in a US$58K NBS heist that they are being accused of orchestrating.
The sophisticated inside job at the financial institution has been exposed, leading to the arrest of two men accused of orchestrating a brazen theft of US$58,417. The alleged scheme involved a bank cashier and a security guard working in concert to siphon funds from a corporate account held at the National Building Society. The pair appeared in court this week as investigations into the full extent of the plot continue.
The intricate plan began to unravel thanks to the sharp eyes of the bank’s own security team. According to official sources, it was Michael Smoko, the NBS Security Manager, who first noticed irregular transactions on the account of Atharvan Investment (Pvt) Ltd. His decision to contact the company directly revealed the crime, as the firm confirmed it had neither authorised nor received the substantial cash withdrawals.
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The investigation quickly zeroed in on two individuals: Smith Mativenga Chigwawa, a 45-year-old cash deposit teller employed by the bank, and Stalin Rundora, a 30-year-old security guard stationed at the premises of Atharvan Investment.
Bank Teller And Security Guard Implicated In US$58K NBS Heist
It is alleged that between September 5th and 10th, 2025, the two men executed their plan. A statement from the National Prosecuting Authority of Zimbabwe detailed the accusation, stating,
“the duo, in pursuance of their plan, withdrew cash amounting to US$58,417 from Atharvan Investment’s NBS account and converted it to their own use.”
The authority confirmed that the suspects were apprehended by detectives from the CID Commercial Crimes Division on September 21. After intensive questioning, Chigwawa reportedly confessed to his role in the crime.
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Following his admission, a significant portion of the stolen money was recovered. Chigwawa led authorities to US$51,420, which was subsequently returned to the bank. However, a substantial shortfall remains. The NPAZ confirmed,
“Of the US$58,417 stolen, US$6,997 was not recovered while US$51,420 was recovered.”
The fate of the missing funds, which equate to nearly R130,000, is a key focus of the ongoing probe.
The two accused have been remanded in custody and are scheduled to return to court on the 23rd of October 2025.
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