FNB sued for R1.2m over cash that vanished in health department scam

📆 2021/12/12 13:03:00

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📆 2021/12/12 13:03:00
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First National Bank faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days.

The money came from the health department, which handed it over for dozens of Leep machines, which are used to prevent cancer by removing abnormal cells from the cervix.

When it emerged that Vital did not exist, financier Penquin Airtime sued FNB for the R1,230,500 it lost, saying the withdrawals would not have been possible if the bank had complied with the Financial Intelligence Centre Act .

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