Former Gautrain employee in court for fraud

2014-12-12 13:11
(File, Sapa)

(File, Sapa)

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Johannesburg - A former Gautrain Management Agency (GMA) employee allegedly involved in two multi-million rand cases of fraud has appeared in the Johannesburg Special Commercial Crimes Court, the Hawks said on Friday.

The case against Obakeng Israel Busang, 30, was postponed until 10 February for further investigation. He remained in custody, said spokesperson Captain Paul Ramaloko. Busang appeared in court on Thursday.

He was arrested at his house in Ga-Rankuwa, north of Pretoria, on 21 November.

"His arrest came after an intensive, intelligence-driven operation conducted in conjunction with the officials of the GMA," said Ramaloko.

He was charged with fraud, corruption, money laundering, and contravening the Electronic Communications and Transactions Act.

The information technology technician allegedly infiltrated the agency's payroll system, and also allegedly colluded with a syndicate which was involved in the theft of more than R42m from PostBank in 2011.

Prosecutor Richard Tshabalala said during a previous appearance that the State would allege that more than R42m was transferred to at least 103 PostBank accounts in Gauteng, North West, Free State, Limpopo, and KwaZulu-Natal between December 2011 and January 2012.

It was alleged that R265 000 was transferred to Busang's bank account and withdrawn at various ATMs in January 2012, he said.

In the GMA case, the State claimed it could have lost R800m had the transactions succeeded.

Busang allegedly connected his laptop to the GMA system, allowing him and the syndicate to harvest the usernames and passwords of GMA staff.

Read more on:    gautrain  |  johannesburg  |  crime

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