FNB worker in court for fraud

2008-11-13 19:10
Johannesburg - A bank employee will appear in the Acornhoek Magistrate's Court on Friday on charges of fraud and theft, Mpumalanga police said on Thursday

Spokesperson Leonard Hlathi said First National Bank consultant, Sydwell Nthane, 37, would be appearing in court after he and a colleague allegedly conned the bank's clients.

Nthane and consultant Johan Sibeta, 26, were arrested last week.

They appeared in court and were released on bail.

The matter was postponed to December 10.

Hlathi said Nthane would be back in court on Friday for similar charges, which were reported after his first appearance.

Sibeta would not be appearing.

"The two were targeting elderly citizens who have huge amounts of money in their accounts. They used to call clients and inform them that the bank was having a money market promotion."

Hlathi said the two bank employees would tell clients that their money had to be transferred to another account where it would grow rapidly.

The accounts to which the money was transferred belonged to the two suspects, the policeman said.

"The suspects used the money for their needs. The clients went to inquire about their investment at the bank and were advised to lay charges with police."

Hlathi said during investigations police discovered that the two had pocketed more than R200  000.

He said it was also discovered that Nthane was the mastermind and had taken a lot more money than his co-accused.

- SAPA
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