Nov 28, 2021

Mawazo Writing Africa

Writing about the main

FNB branch operations manager arrested for ‘R4m forex fraud’

A manager of an FNB branch has appeared in court for allegedly defrauding the bank of 4 million ren over two years.

Hawks spokesman Capt Ndivhuwo Mulamu said Zandile Sibiya, 39 who worked at the Newtown branch allegedly fraudulently processed foreign currency payments using international banking center transactions and deposited approximately R 4 million in her account.

The fraud allegedly occurred between September 2019 and August 2021.

“Through the FNB’s forensic analysis, the matter was referred to the Hawks’ Serious White-collar Crime Division at the Johannesburg office for further investigation.

” An extensive investigation has been conducted into the one Warranted arrest for Sibiya’s arrest, “Mulamu said.

Sibiya, from Ormonde, surrendered to authorities on Tuesday and appeared in the Palm Ridge specialized commercial court that same day.

She was given bail in Hö hey from R10,000 and the matter was postponed to January 18th