Postbank fraudster in court

2014-06-17 21:39

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Bloemfontein - A fugitive who evaded police for two years after allegedly committing fraud worth over R400m appeared in the Bloemfontein Magistrate's Court on Tuesday.

"Moketsi Mahoko appeared on charges of corruption and conspiracy to commit fraud," Hawks spokesperson Paul Ramaloko said.

The matter was postponed to 2 July for a formal bail application.

Mahoko was arrested for an alleged conspiracy to defraud the Postbank.

The operation that led to his arrest in Bloemfontein on Monday was conducted by the Hawks' Free State cybercrime unit.

"The arrest was made in conjunction with officers of the crime intelligence division of the police and the Postbank's forensic investigating team," Ramaloko said.

Mahoko allegedly offered someone a R1.5m bribe in return for information which would have compromised the Postbank banking system's security.

He was allegedly involved in hacking into the Postbank's system in 2012 and causing a loss of R420m.

Three other men, Boy Thekiso, 30, David Motsoane, 41, and Teboho Masoleng, 40, were caught, convicted and sentenced for their roles in the crime.

Thekiso was sentenced to 25 years' imprisonment and Motsoane and Masoleng to 15 years' imprisonment each.

Mahoko had been on the run since 2012, until Monday.

Ramaloko said more charges could be formulated against him before his next court appearance.

- SAPA
Read more on:    postbank  |  bloemfontein  |  fraud  |  crime
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Africa: Land of Billionaires!

Find out who are the richest of the richest in Africa!

 
 

Men24.com

Best bro movies 2014
Every man should be able to do these three things
Goalkeeper saves five penalties with his FACE!
Hottie of the day: Jesselyn

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Hot festive offers at kalahari.com!

Hurry! Stocks are limited. Don’t miss out. Shop Now!

Save up to 60% on toys!

Don’t miss out on this hot offer, save up to 60% on toys. While stocks last. Shop now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

You may feel divided. Conflict between mind and emotions can create tension or indecision. This could lead to stressful feelings...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.