Hawks arrest Absa employee for alleged theft worth R103m
Absa engineer Xolela Masebeni allegedly transferred R103m into six different bank accounts over four months
24 January 2022 - 13:40
byShonisani Tshikalange
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Xolela Masebeni remains in custody and is facing theft charges. Picture: THE HAWKS.
A specialist engineer at Absa who allegedly fraudulently transferred R103m into six different bank accounts over four months has been arrested by the Hawks.
Sandton Absa engineer Xolela Masebeni allegedly transferred the money between September 2021 and December 2021.
Hawks spokesperson Capt Ndivhuwo Mulamu said the matter was reported by the bank to to the authorities after an internal investigation.
“Masebeni was successfully traced and arrested in Queenstown in the Eastern Cape on January 19,” she said.
He was charged with theft and appeared in Komani (Queenstown) magistrate’s court the next day. He was remanded pending further investigation.
“The matter was transferred to the Palm Ridge specialised commercial crimes court and is expected to be in court on January 27 for a legal representative and bail application,” said Mulamu.
More arrests and additional charges have not been ruled out by the Hawks.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Hawks arrest Absa employee for alleged theft worth R103m
Absa engineer Xolela Masebeni allegedly transferred R103m into six different bank accounts over four months
A specialist engineer at Absa who allegedly fraudulently transferred R103m into six different bank accounts over four months has been arrested by the Hawks.
Sandton Absa engineer Xolela Masebeni allegedly transferred the money between September 2021 and December 2021.
Hawks spokesperson Capt Ndivhuwo Mulamu said the matter was reported by the bank to to the authorities after an internal investigation.
“Masebeni was successfully traced and arrested in Queenstown in the Eastern Cape on January 19,” she said.
He was charged with theft and appeared in Komani (Queenstown) magistrate’s court the next day. He was remanded pending further investigation.
“The matter was transferred to the Palm Ridge specialised commercial crimes court and is expected to be in court on January 27 for a legal representative and bail application,” said Mulamu.
More arrests and additional charges have not been ruled out by the Hawks.
GUGU LOURIE: Sipho Maseko a shoo-in for Absa
Bain withdraws from BLSA
New think-tank formed to focus on SA’s challenges
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
NPA and Hawks to set up task team to tackle cases raised by Zondo
Hawks poised to start probe after parliament fire contained
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.