Nehanda Radio reports:
The legal counsel for Econet Wireless’ banking subsidiary Steward Bank, Tawanda Nyambirai, says Thursday’s raid on online news agency, The Source, was justified.
Nyambirai, together with Steward Bank’s acting chief executive officer, Lance Mambondiani, addressed a chaotic Press conference on the complex matter in Harare yesterday — that pits the right of the media to report on issues against the right of financial institutions to secure their customers’ sensitive banking information.
Giving a historical account of the matter, Nyambirai said private and confidential information relating to Steward Bank and its clients, as well as confidential processes that the bank undertakes in evaluating its clients’ proposals had been stolen some time last year.
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