Specialist engineer arrested for 'siphoning R103m' from Absa bank

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

South Africa Headlines News

A specialist engineer at Absa who allegedly fraudulently transferred R103m into six different bank accounts over four months has been arrested by the Hawks.

Sandton Absa engineer Xolela Masebeni allegedly transferred the money between September and December 2021.

Hawks spokesperson Capt Ndivhuwo Mulamu said the matter was reported by the bank to to the authorities after an internal investigation. “Masebeni was successfully traced and arrested in Queenstown in the Eastern Cape on Wednesday, January 19,” she said.The 30-year-old was remanded pending further investigation.

“The matter was transferred to the Palm Ridge specialised commercial crimes court and is expected to be in court on January 27 for a legal representative and bail application,” said Mulamu.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Probably get to move in with Ace and Zuma

Maybe he planned it down to 'getting caught' if he has enough money safely hidden somewhere, he will do time knowing when he goes out he is rich and free. I doubt he will get more than 15 years.

Mhlawumbhe ujwayele ukutshonja ama R1000's wabona ukuthi umosha isikhathi - go Big or Go home 😁

Typical

If was other race we will not able to see faces but ke stratcomists are protecting other races

Poor criminal. He might have thought he’ll get away with it 😂😂😂😂

MthethwaNdu

His face ...the glow....doesnt scream 103Million.....

Me i am thinking he did his best to withdraw Apartheid reperations for himself from Absa

It was too much to steal

Ahh man! Should have ended with him sipping cocktails on an island somewhere far! Bummer

Didn't you run this story 2 days ago?

His name plis

Dali should represent him and EFF gather in his support blaming a white man and ANC. 🤣🤣🤣🤣

Arrested again?

Maria Ramos is a free woman

Haysure mjita waba imali engaka then wayozimela ekomani. 😂😂🤣🤣🤣

Then you hear people saying we do not have skills....

You could have transferred them all to bitcoin. The government will never know

We never saw pics of the woman WY women who also stole millions from her employer in eastern cape?

Still haven’t found the stolen drugs their offices?

And the government engineers ParliamentofRSA doesn't want competition. 🤣🤣🤣

I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always.

Chances are it was not the first time.

Do the Hawks still remember about Markus Jooste?

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about GregsonLillian has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

And give him R15K bail!

Izinja madoda!

Bitcoin is good since i met with William_Usr I've made alot of profit from his company platform and he has honestly made life more easy for me, invest now with his platform and make $10k daily Follow him

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.