A 35-year-old suspect was arrested on 7 February 2019 for alleged fraud and he appeared at the Ubombo Magistrate’s Court on 8 February 2019. It is alleged that he allowed clients to submit fraudulent documents to apply for personal loans from the bank. Once the loan has been approved, he would get between R30 000 and R40 000 from each client.
The total amount of cash that the bank had lost amounts to more than R3 Million. The arrest emanates from a thorough investigation by the police and bank’s forensic investigators. A case of fraud was opened at the Jozini police station. Further investigation is being conducted and more arrests are imminent.