Luyolo Tyiso (29) was sentenced by Mthatha Specialised Commercial Crimes Court on 7 December 2022 for charges of theft.
On 31 July 2021 the complainant visited First National Bank in Mthatha to invest a sum of R800 000-00 to the investment portfolio account. She was referred to Tyiso for assistance in the matter.
The complainant noticed that an amount of R200-00 was withdrawn on the same day without her knowledge.
On approaching the bank it was discovered that the transfer was linked to Tyiso’s cellphone.
The bank started to conduct preliminary investigations where it transpired that Tyiso had unlawfully made transfers to himself using other people’s accounts to the value of more than R5300-00.
The Mthatha based Serious Commercial Crime Investigation team of the Hawks conducted a further probe which led to the arrest of Tyiso on 28 September 2022.
After several postponements Tyiso was convicted and given a fine of R6000-00 sentence or 12 months imprisonment of which half is suspended for 3 years.