Absa forensic accountant arrested for fraud after alleged theft of R25m

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Absa forensic accountant arrested for fraud after alleged theft of R25m
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An Absa forensic consultant was arrested in Elim, near Makhado in Limpopo, for fraud after allegedly stealing R25m belonging to the provincial government.

“It is alleged that the suspect stole R25m from the provincial government accounts and deposited it into different accounts that he had opened.

“Despite the clandestine efforts by the suspect, the team painstakingly managed to trace and freeze the complex web of the bank accounts linked to him,” Maluleke said. He said the suspect was arrested at his workplace and his house was searched where four Absa ATM cards, two withdrawal slips and R2,030 in cash were found and seized.

The suspect will make his first appearance in the Waterval magistrate’s court on Monday, to face fraud charges.

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