Former Louis Trichardt bank employee to appear in court for theft of R36m
The man was arrested on June 10 for allegedly stealing over R36m belonging to a deceased client which he used to buy expensive cars and donate to a church in Louis Trichardt.
POLOKWANE – A 28-year-old former bank employee will appear before the Makhado Magistrate’s Court today (June 13) on charges of fraud and theft.
The man was arrested on Friday (June 10) by the Hawks’ Serious Commercial Crime Investigation members for allegedly stealing R36 989 051.67 belonging to a deceased client.
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Provincial Hawks spokesperson Captain Matimba Maluleke said the man was a consultant at the FNB Louis Trichardt branch and on April 25, opened the profile of a client who had just died in a car accident without any authorisation, opened a new bank account and linked it to the deceased’s account.
“These illegal activities were discovered by the bank and a case of fraud and theft was opened with the Hawks. When the suspect was approached by the bank managers about the matter, he reportedly tendered his resignation letter with immediate effect. The suspect spent the money by buying expensive cars and donated to a church,” Maluleke said.
Investigations continue and Maluleke said more arrests are expected.
