News24

Postbank fraudster in court

2014-06-17 21:39

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.

Comments
  • ToldYouSo - 2014-06-17 21:50

    Where is all this money now? Gone?

      antonio.tonin.58 - 2014-06-17 21:58

      Well, you know, after an 18-month lifetime jail sentence, one needs some funds in order to become rehabilitated...

  • lloyd.venske - 2014-06-17 22:00

    Wheres the cash??

  • Majents Nkosi - 2014-06-17 22:26

    Is dis Mahoko an employee of post office or not if his not an employee it mean he got an information from one of de employee.post office got mafias shame ppl struggle work as registration cars S32 PPT not employed them as permanent cos of somebody who is selfish in lyf think of dirty tricks end nou post office its going to a drain cos of dat bustard

  • Kgosi Motleleng Mosana - 2014-06-17 22:45

    Postbank is owned by cANCer, who cares...

      Peter Michael Staffen - 2014-06-18 10:22

      that is why he wants it to be come the bank of SA so that he can get his hands on to it

  • Sugan Moodley - 2014-06-18 00:25

    This oke Moketsi Mahoko is a genius. He should be employed by the government. Locking him up would be a travesty of justice.

      Johan Bester - 2014-06-21 09:15

      I would rather think that it is the Postbank systems that is so useless! I he was such a genius as you think, he shouldn't be caught.

  • Thembalethu Mdumane KaNtoyanto - 2014-06-18 05:18

    Where is the damn cash???

  • JeanClaude Vandamme - 2014-06-18 07:49

    thats a lot of money

  • arthur.salvado - 2014-06-18 08:01

    Give da boy a bells. He should be president. He knows how to steal

  • kpacesa - 2014-06-18 08:35

    How do they do this ?

  • Phoenix Mzansi - 2014-06-18 21:01

    News24 get your facts right, it was R40 million and not R400 million, what utter rubbish.

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