Pensioners Fleeced Of Their Hard-Earned Cash

Reports suggest that a very big pension fund's employees have been fleecing pensioners of their retirement funds systematically over the years.

Pensioner Fleeced Of Their Hard-Earned Cash

This came to a head when a pensioner from Mutare queried the non-payment of his monthly pension.The person who dealt with his query is alleged to have informed him that he was being paid through a certain, he denied having an account with that bank.Further digging unearthed the scheme where the correct names were used to open accounts with the bank ,but the identity document was false.The culprits allegedly worked with a corrupt bank official ,who facilitated the opening  of the savings accounts as well as the disbursement of the funds.This collusion must have also included workers at the office responsible for issuing identity cards as one has to go and personally apply for an identity document.

Reliable sources suggest that the investigations uncovered an elaborate scheme and resulted in a few individuals losing their jobs .It is also alleged that one former employee also fleeced the pension fund of close to a million dollars before skipping the country.