A former First National Bank employee has been convicted of fraud after he was bust trying to steal R10m from a client’s bank account.
Siboniso Isaac Manyisa, 34, has been fined R15,000. He was also handed an eight-year’ prison sentence, which was suspended for five years on condition that he is not convicted of fraud and theft during this period.
“Manyisa is a former employee of First National Bank branch at Ermelo. In April 2019, he tried to transfer a sum of R10m from a client's bank account without his knowledge,” Hawks spokesperson Capt Lloyd Ramovha said in a statement on Saturday. “The transfer was subsequently stopped by the bank as normal procedures were not followed. The client was called and he confirmed that he never authorised such a transaction which resulted in the Hawks arresting Manyisa, hence his conviction.”
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.
Bank consultant fined for attempting to steal R10m from client’s accountA former First National Bank employee has been convicted of fraud after he was bust trying to steal R10m from a client’s bank account.
Read more »
WATCH: Why the World Bank lifted its growth forecast for Sub-Saharan AfricaBusiness Day TV spoke to World Bank chief economist Albert Zeufack
Read more »
Reserve Bank also 'came under attack' from state capture, says KganyagoSarb governor Lesetja Kganyago says the bank fiercely defended its independence.
Read more »
SA one of the biggest spenders on social assistance globally — World Bank - The Mail & GuardianSA spends more on social assistance than most countries globally, but this aid is still not available to a large share of the working-age members of its population, given unemployment benefits are available only to people who work in the formal sector
Read more »
World Bank data furore ‘will not dim SA efforts to improve ease of doing business’World Bank data furore ‘will not dim SA efforts to improve ease of doing business’ 🔒
Read more »
Unemployed adults are weak link in SA’s social support system, World Bank saysThis group, which is outside the net of the child support grant, old-age grant and disability grant, is the key argument for a universal basic income grant
Read more »