R500k fraud, bank employee appears in court

South African Police Service

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R500k fraud, bank employee appears in court
R500k fraud, bank employee appears in court

A 42 year old woman was remanded in custody by the Secunda Magistrate’s Court on 24 June 2019, for fraud allegedly committed while she was an employee at a major bank. Phindile Ntombi Shabangu’s appearance come after she was arrested on Friday, 21 June 2019.

Information at police disposal revealed that Shabangu, allegedly transferred and withdrew clients’ money. This transpired after some clients noticed from their bank statements that some of their money was missing. The bank investigated and realised that the transactions were allegedly dealt with and authorised by the suspect, around an estimated whopping R500 000.

Police were alerted and a case of fraud was then opened. The suspect reportedly disappeared upon realising that an investigation was being conducted. After failing to pitch up for work, police visited her home without any luck however, managed to trace her to Komatipoort where she was arrested, hence her appearance today. She was remanded in custody pending bail application and will appear at the same court again on 27 June 2019.

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