Standard Bank ghost accounts: Staff insist wrongdoing was more widespread

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Standard Bank says incidents of ghost accounts are confined to the Western Cape. But staff and ex-employees in KZN and Gauteng say they've also done things outside the rules.
Standard Bank says incidents of ghost accounts are confined to the Western Cape. But staff and ex-employees in KZN and Gauteng say they've also done things outside the rules.
Gallo Images/Foto24/Brendan Croft

Despite Standard Bank’s insistence that employee misconduct with ghost accounts was contained to one market in the Western Cape, former bank staff contend that the practice was much more widespread.

They also told Fin24 that the number of Standard Bank staff dismissed for activating customers' accounts with their own money and their own cellphones is growing.  

The bank won't say how many of the 67 employees it said it was investigating have now been dismissed and how many new individuals it is now probing. In April, Standard Bank dismissed 34 universal bankers for activating customer accounts with their own money.

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