This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
The Citizen reports that two former Absa employees who used their access to the bank’s electronic banking system to carry out fraudulent activities totaling over R1 million have been sentenced for fraud.
The Gqeberha Specialised Commercial Crimes Court sentenced Florika Owusu, 31, and Abongile Tyusha, 30, for their roles in a fraudulent scheme while employed by Absa between November 2019 and June 2021. The two were sentenced to five years for fraud and theft and 10 years for money laundering, with four years suspended for five years on the condition that they do not violate the Organised Crime Act during that time. The sentences will run concurrently. Spokesperson for the Eastern Cape branch of the National Prosecuting Authority (NPA), Luxolo Tyali, explained further: “They (Owusu and Tyusha) were entrusted with unique user codes, which the bank used to trace all transactions performed by its employees. They opened Absa accounts in the names of deceased individuals and foreign nationals without their knowledge. They issued debit cards for these accounts to facilitate fraudulent transfers and withdrawals. They identified and reactivated 18 dormant accounts, mainly belonging to foreign passport holders, including deceased South African citizens.” Following the account reactivations, stolen money was sent into the false accounts that Owusu and Tyusha had opened. Stolen funds, totalling over R1 million, were transferred to accounts controlled by the duo, withdrawn or spent. The stolen money was spread over a number of accounts.
- Read the full original of the report in the above regard by Chulumanco Mahamba at The Citizen
- Read too, Former Absa bank employees sentenced to 15 years for R1 million fraud, at IOL News
Get other news reports at the SA Labour News home page