Bank manager arrested for R475k fraud

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April 11, 2017
Bank manager arrested for R475k fraud
The accused allegedly instructed a junior bank teller to make the unlawful transaction.

A bank manager appeared in the Middelburg Magistrate’s Court after he was arrested for fraud, in Mpumalanga, the Directorate for Priority Crime Investigation (the Hawks) said in a statement.

Hawks spokesperson Captain Dineo Lucy Sekgotodi said Sipho Khoza, 39, appeared in court on Monday shortly after his arrest by the Hawks’ Serious Commercial Crime Investigation for fraud.

“On 06 August 2013, Khoza allegedly instructed a junior bank teller to unlawfully transfer an amount of R475 000 from one account to another account without the permission of the account holder.”

Khoza was remanded in custody until April 18 when he will be appearing again for formal bail application.

 African News Agency

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