Bank managers arrested

2017-04-28 06:00

A 50-YEAR-OLD Matatiele businessman was left with nothing after his bank account was emptied in February, allegedly by two Cape Town bank managers and another suspect.

The businessman, who wants anonymity for safety reasons, noticed that his money was stolen when he was asked to confirm his residential address by a company that sells vehicles in Kokstad.

The company told him he bought a new car using a Cape Town residential address. As he didn’t know anything about buying the car, he opened a case of fraud at the Matatiele police station after discovering there was money missing from his bank account.

On March 8, two Cape Town bank managers, aged 42 and 40 respectively, were arrested. The other 52 year old suspect was also arrested for using the businessman’s name to buy the new car.  

SAPS spokesperson, Raphael Motloung said the suspects appeared in the Cape Town Regional Court for formal bail application on March 17 and the bank managers were released on R10 000 bail each.

The 52 year old, who is alleged to be the mastermind, was denied bail.

“It is alleged the money was used to purchase furniture and a new BMW by the suspects.
All purchased items were taken from the suspects and handed to police for the forfeiture unit to decide,” said Motloung.

Matatiele cluster commander, Colonel Makeke thanked the investigation officers who arrested the suspects.
Next Wednesday, the court will hear the formal bail application of the first suspect and on 26 June all suspects will return to court for a trial date.
- Supplied. 


Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.