Three ex-Absa employees jailed for 15 years for R190m fraud | Business

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JUST IN | Three former Absa employees have been sentenced to 15 years in jail each for defrauding the JSE as well as mining company Samancor of R191 million, the National Prosecuting Authority said. | News24_Business

In a statement, the NPA said the three former employees replaced banking details linked to the JSE with their own.

The syndicate made three large transfers of R2.9 million on 26 July 2019, R30 million on 12 August 2019, and R158 million on 23 September 2019. While the defence argued the trio had shown remorse and were first-time offenders, the NPA said the prosecution argued that a jail term was needed to deter would-be offenders. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

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JvanLogg _Business What happened to that rugby guy that moved funds from the university to the rugby team?

_Business So less year's behind bars why

_Business They must b white if we don't c they pics

_Business They are white, why bengavezwa?

_Business

_Business This thread is evidence black people do not read.

_Business Do better, shem

_Business No name, no faces, they definitely black. Hahaha

_Business Heroes

_Business Why not show their face, are they of European decent?

_Business The guy in the chains is white. He just got a nice tan in Mauritius, lying in the sun

_Business They were caught and sentenced quickly. Jacob Zuma is still a free man after years and years.

JvanLogg _Business Good to know that they will be jailed. Impunity is getting out of control in SA.

_Business Then banks deny that fraud and scams takes inside the banks.. IS YOUR MONEY SAFE IN A BANK?

pmcafrica _Business Where is the money?

_Business These must be white people no face nor mentioning of names...🤔🤔🤔🤔

_Business Get rich or die trying.

_Business Obviously not 'connected' like the politicians who have stolen more than this and are still sipping cocktails!

_Business Cashiers at these banks are fired for being short how to u steal 191million without anybody noticing

_Business Abramjee ApostleDeza please help SA with photos and names for this criminals please

_Business Anyone,who's got so much money in this country, and still fails to bribe the right authorities to stay free,deserves a double sentence. Self respecting thieves in this country are generous.☹️

_Business I can bet they are white

_Business After 2 years state will release them to spend die money, economy papa economy

_Business I wish I was 20 again!

_Business They got that kind of money and they ended up getting arrested?

_Business Jail for millionaires in South Africa is a myth. Who are these courts fooling

_Business Its yt's if you don't see a pictures.

_Business I bet they are white thugs. That's why their picture cant make it to front page

_Business PMac_thepimp ugrand mngan wam?👀

_Business How unfortunate for them

_Business But why aren't they asked to pay in back? It can't be that it's all gone, if it is then freeze and sell assets as its usually done to everybody.

_Business After 5 year they should be up for parole 😀 ama millions are waiting 🙌🙌

_Business Crime does indeed pay in South Africa

_Business Yhooo some people have extra terrestrial guts

_Business They'll be out in 5.

_Business if they were blacks their pictures would have been all over the place.

_Business Black Monopoly Capital strikes again! 🥴🥴

_Business No names no faces they definitely white

AquaSereia _Business All thank you to the documentary of the GoldMafia

_Business Correct term is misappropriating funds not defrauding, please it's a normal term in media industry.

_Business Why is only ordinary people that are arrested but not politician like Ramaphosa

_Business Stole 191 millions and get 7.5 years in prison or myb even less then that

_Business Now do the MYANC. The NPA_Prosecutes will have work for decades.

_Business They whites we know,faces dololo

_Business If you can steal that much money why not move to a different country?

_Business But why aren't they asked to pay in back? It can't be that it's all gone, if it is then freeze and sell assets as its usually done to everybody

_Business Imagine if the same rules applied to all the corrupt MYANC crooks! Robben Island would be the busiest beach in the mother city!!!

_Business Parole in 7years and they comeout to enjoy their money

ALETTAHA _Business Spot the common denominator

_Business This is no difference to 'our political leaders' who's cases and 'evidence' always delay, 'TILL PROVEN GUILTY'. Unfortunately we all working for out homes and so means will be done.

CoruscaKhaya _Business Idiots.

CoruscaKhaya _Business revengeao MthethwaNdu

_Business How do you steal that much and not move to a country where there is no extradition?

_Business Out in less than 3, maybe we must all participate in this looting spree... while some are in 'the hotel' others can keep the wives happy and then reverse after a few years. voetsekanc

_Business yoh this guys when they make fraud they really make sure yeses...imagine 150mil for 15years..i mean even if money loses value when they come back after 15years they will still be millionaires. f. ck ethics

_Business 15 years for 191 million, I'm still thinking of stealing at least R500million👀

_Business The culture of greed and corruption is rife. More arrests of even the so called untouchables are needed.

CeeYaNonoise _Business But the pic is of a black person🤣

_Business

_Business Quick with the common people of the land, but not with the politicians, lekker man

_Business Markus jooste wont even get 6 months. If it goes to trial.

_Business If it was a pink pig it was gonna have an alternative of fined R500 000

_Business Ba go se tšwafe go bala. Ba reng ka tšhelete 🤭 tše dintšhi ke a di bona.

_Business They were greedy wtf, a man had to be in the mix

_Business NPA is biased with such cases if they were of another race they would be asked to pay it back

_Business VERY GOOD. MORE MUST BE JAILED

_Business Only 15 years.

_Business R191 000 000,00

_Business Thy will still be rich after 6 years en parole will happen

_Business They don't have Names?

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