Absa Bank employee arrested for allegedly stealing R100 million

Absa Bank employee arrested for allegedly stealing R100 million. In a statement on Monday, the Hawks said Xolela Masebeni, who was employed as an engineer at Absa’s Sandton branch in Gauteng allegedly transferred R103m into six different bank accounts over four months.

An Absa Bank employee has been arrested by the Directorate for Priority Crime Investigation (Hawks) for allegedly stealing R103 million. According to the Hawks, Masebeni allegedly transferred the money between September 2021 and December 2021.

In another case related to bank employees, in 2019, 28 Nedbank Zimbabwe bank tellers were nabbed by police for allegedly swindling the financial institution of over US$1.1 million. The Sunday Mail reported that the workers used an elaborate scheme of swopping depositors’ US-dollar bank balances with electronic money (RTGS).

The bank tellers reportedly withdrew depositors’ US dollars and traded them on the parallel market while pocketing the difference. The scandal is understood to have taken place in the six-month period to March 2019, particularly at a time when US dollar and RTGS balances were pegged at 1:1.

Source – IOL

In other news – KFC robbed US$50 000 and R30 000

KFC robbed US$50 000 and R30 000. The six who were wearing balaclavas and armed with a pistol blew up a safe which was in one of the offices where they took away the cash.


Six armed robbers raided KFC fast food restaurant in Msasa around midnight and got away with US$50 000, R30 000 and $19 000 after manhandling a security guard at the…Learn More.

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