KZN bank manager arrested for R3 million fraud

South African Police Service

0
KZN bank manager arrested for R3 million fraud
KZN bank manager arrested for R3 million fraud

A 35 year old suspect was arrested on 7 February 2019, for alleged fraud and he appeared at the Ubombo Magistrate’s Court on 8 February 2019. It is alleged that he allowed clients to submit fraudulent documents to apply for personal loans from the bank. Once the loan has been approved, he would get between R30 000 and R40 000 from each client.

The total amount of cash that the bank had lost amounts to more than R3 Million. The arrest emanates from a thorough investigation by the police and bank’s forensic investigators. A case of fraud was opened at the Jozini police station.

Further investigation is being conducted and more arrests are imminent.

South Africa Today – South Africa News

Related Post

Man shot and killed after going outside to investi... A 40 year old man was shot and killed at his home on Main Road in Tongaat, KZN on Friday night 15 February 2019. At approximately 21:06 members of Rea...
Woman arrested attempting to sell child (3), Verul... A 53 year old Indian woman has been arrested by Members of Reaction Unit South Africa while attempting to sell a three year old child for R2000 in cas...
Four arrested with unlicensed firearms, Ladysmith Three suspects aged 31 and 38 are set to appear at the Ladysmith Magistrates Court on charges of possession of unlicensed firearms and ammunition. The...
Breakthrough in the Mpembeni murder On 4 February 2019, Gundane Dube (38) was seated in his vehicle at Mpembeni Reserve when he was attacked by unknown people who opened fire and fatally...
Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.