An FNB manager has been arrested for allegedly stealing R4 million from the bank. Image via: Adobe Stock
FNB bank manager nabbed for allegedly stealing R4 million
The FNB manager had allegedly transferred millions of rands in foreign exchange payments into her personal bank account.
An FNB manager has been arrested for allegedly stealing R4 million from the bank. Image via: Adobe Stock
A First National Bank (FNB) operations manager has been arrested and charged with fraud related to the alleged theft of a sum of R4 million belonging to the bank.
Hawks spokesperson, Captain Ndivhuwo Mulamu, said in a statement on Wednesday that the hawks had arrested the bank manager and changed her with fraud.
Mulamu said that FNB Newton’s operations manager, Zandile Sibiya ,39, had been charged with fraud related to a sum of R4 million that had gone missing from the bank. She appeared in the Palm Ridge Specialised Commercial Crimes Court earlier this week to face the charge.
“It is alleged that between September 2019 and August 2021, Newtown’s First National Bank (FNB) Operations Manager, Zandile Sibiya (39) fraudulently processed the forex payments with International Banking Centre System transaction and transferred approximately R4 million into her bank account,” Mulamu said.
He said that the police team had then conducted an extensive investigation and the court granted a warrant for Sibiya’s arrest.
“The Ormonde resident handed herself in accompanied by her legal representative and the investigation team subsequently charged her with fraud,” Mulamu said.
Mulamu said that she had appeared in the Palm Ridge Specialised Commercial Crimes Court on the day of her arrested. She was released on bail of R10 000 and with no conditions.
The case was postponed for docket disclosure to 18 January 2022.
Man who stole R11 million from FNB goes to jail
This is the latest incident involving theft from FNB to be reported in November.
In KwaZulu-Natal, Nadeem Arshad, 39-year, was found guilty of fraud after he allegedly stole a sum of more than R11 million from FNB. He was sentenced to 18 years in jail in the Durban Specialised Commercial Crimes court.
Arshad had earlier been convicted of 26 counts of fraud and one count of money laundering. He committed the crimes together with two co-conspirators in March 2016.
