Ex-intern in court for US$1.1 million bank fraud

A former ICT intern at Cabs appeared in court over the weekend, charged with defrauding the bank of US$1.1 million, Daily News reports. The suspect allegedly exploited system vulnerabilities during his tenure. The case follows a series of high-profile financial frauds in Zimbabwe's banking sector. Prosecutors are seeking to recover the funds. The fraud exposes weak internal controls at Zimbabwean financial institutions and the ease with which insiders can exploit them.