Additional accused in the ABSA R103 million saga appears in court

10 Proven Strategies to Improve Your Lead Conversion RateAdditional accused aged 40 years has been issued with a warrant of arrest and charged with theft and contravention of the Prevention of Organised Crime Act 121 of 1998 by members of Hawks’ Serious Commercial Crime Investigation in Johannesburg on Tuesday, 15 August 2023.

It is alleged that between September 2021 and December 2021, Xolela Masebeni an Absa employee, employed as an IT specialist engineer transferred an amount of over R103 million to various unauthorised beneficiaries. Masebeni further transferred over R15 million to Maduna Gubevu Trading Pty Ltd whose sole director, Gershom Matomane in November 2021. Matomane was subsequently arrested in Bellville where he appeared and was granted bail.

After 60 days the vehicle was traded in at one of the dealerships in Johannesburg for R900 000 00. Matomane opted to buy a Polo GTI priced at R600 000 and the remaining amount, R300 000 was transferred into a bank account of accused number 21. The accused then transferred R280 000 to Matomane’s girlfriend’s Capitec account. The accused handed himself accompanied by his representative this morning at the Hawks’ Serious Commercial Crime Investigation offices.

Thembinkosi Advocate Majikela subsequently appeared in the Specialised Commercial Crimes court sitting in Palm Ridge Magistrates’ court and granted R5 000 bail to appear again on 30 January 2024.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.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa Fact of the Day: South Africa wins big at the 2023 World Travel AwardsAfrica Fact of the Day features the most wonderful and weird facts about the history and culture of the African Continent.
Source: TheSAnews - 🏆 25. / 59 Read more »

Lower House of Russian Parliament Adopts Law on Revoking Ratification of CTBTSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »

Gaza Health Ministry Tells Sputnik What Happened During Hospital StrikeSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »

Lavrov Arrives in North Korea for 2-Day VisitSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »

Tonga police recovered a truck barely 40 minutes after being hijackedSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »