TWENTY-EIGHT bank tellers working for Nedbank Zimbabwe have been arrested and dragged to court on Saturday morning to answer to charges of fraud and money-laundering.

The tellers are from the bank’s Harare, Bulawayo and Mutare branches, and their arrests have been effected with the help of the bank management, according to Pindula.

While finer details pertaining to the circumstances of their arrests are not yet available, Pindula News reports that some senior Nedbank managers were sent on forced leave recently and that this could be associated with a big scandal that the management is trying to put a lid on.

MBCA Zimbabwe in March last year changed its name to Nedbank Zimbabwe after the registrar of companies approved the change of its corporate identity as part of efforts to spur growth.

Nedbank Zimbabwe is a commercial bank in Zimbabwe. It is a subsidiary of the Nedbank Group headquartered South Africa, itself a subsidiary of Old Mutual Group.

The Nedbank Group is the fourth largest bank in South Africa by market share and customer numbers.

This is a developing story…