Multiple executives, business directors in court for R157m bank fraud

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The group faces 224 counts of fraud after a former forensic investigator at Nedbank allegedly transferred R157 million to their companies.

Fourteen people along with seven associated entities appeared in court on Wednesday in connection with fraudulent transfers from Nedbank worth R157 million.

Nicolette de Villiers, a former forensic investigator with Nedbank’s crime, forensic, and security division is one of the accused.from Nedbank’s suspense account into the accounts of her alleged co-conspirators and various associated companies between July 2018 and January 2023.Home Affairs to withdraw Chidimma Adetshina and her mother’s IDs, fraud charges on the cards

“Allegations suggest that instead of facilitating the rightful return of blocked funds to their owners, De Villiers directed the transfer of these funds to the accused’s accounts.”During Wednesday’s court proceedings, the accused were released on bail amounts ranging from R2 000 to R20 000.

 

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