National 11.4.2017 04:41 pm

Bank manager nabbed for R475k fraud

Image credit: ThinkStock

Image credit: ThinkStock

Sipho Khoza allegedly instructed a bank teller to unlawfully transfer an amount of R475k from one account to another account without permission.

A bank manager appeared in the Middelburg Magistrates’ 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 August 6, 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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