Pensioner, 70, gets 6 years jail time for stealing R490 000 from employer

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A pensioner has been given 6 years jail time for stealing R490 000 from employer.
A pensioner has been given 6 years jail time for stealing R490 000 from employer.
  • An Eastern Cape pensioner has been slapped with a six year jail sentence for stealing almost half a million rand from his employer.
  • Benjamin Mzovukile Mfazwe, 70, stole the R490 000 in 2018 and was arrested in August.
  • He was given a 10-year direct imprisonment but four years were suspended for five years.

A 70-year-old Easter Cape man has been slapped with six years direct imprisonment for stealing almost half a million rand from his employer.

Benjamin Mzovukile Mfazwe was arrested for the theft in August and was convicted on Tuesday by the Mthatha Specialised Commercial Crimes Court.

Mfazwe was given a 10 year jail sentence of which four were suspended for five years on condition that he was not convicted for the same offence again during that period.

He will spend six years in prison.

Captain Yolisa Mgolodela of the Eastern Cape Hawks said the crime dates back to 2018.

At the time, Mfazwe worked for a company called Moderling Business Holding Pty Limited which would buy land and then develop it.

Mgodolela said the company was represented by two directors, Mfazwe and his sister-in-law called Gadi.

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"The company had a business account with Nedbank and Mfazwe was appointed as a signatory to the business account. He was issued with the company credit card.

Mgolodela said:

Mfazwe instructed Nedbank to transfer R300 000 into his personal account. He then used business money for his personal enrichment. He further used the company credit card to buy groceries, parts for his private vehicle and food from restaurants all to the value of R140 000.

Once the company realised what had happened, it lodged a complaint with the Mthatha-based Serious Commercial Crime Investigation team for probing which culminated in the arrest of Mfazwe on 15 August 2021.

"He appeared at Mthatha Regional Court where he was released on a warning. The investigations revealed that the business was prejudiced cash to the value of  more than R490 000. He appeared at Mthatha Regional court on several occasions until the matter was transferred to Mthatha Specialised Commercial Crime Court hence his recent conviction and sentencing.

"The Mthatha based Serious Commercial Crime Investigation team of the Hawks once more received a thumbs up from the Provincial Head Major General Obed Ngwenya  for their success."


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