ABSA Bank Fraud Suspect remains in Custody

News South Africa

Hlokomelo Mabogale |

The Hawks in Limpopo on Friday arrested a 26-years-old suspect in connection to an alleged R25 million Absa Bank fraud in Mashau village outside Elim.

Spokesperson Captain Matimba Maluleke said Walter Dzulani Mashau appeared before the Waterval Magistrate’s Court. He will remain in custody until 30 September for formal bail application.

This comes after the arrest of Absa bank consultant, Sydwell Fhatuwani Mudzanani (27) for the alleged same fraud and was released on R10 000 bail by the Waterval Magistrate Court on 31 July 2020.

When he was arrested, police seized four Absa ATM cards, two withdrawal slips and R2030 cash. His next court date will be on 20 October 2020.

Maluleke said these suspects are believed to be accomplices  in a case whereby an Absa bank consultant at Elim branch allegedly stole R25 million from the Provincial Government departments’ accounts which he transferred into different bank accounts he had opened. The search for possible outstanding suspect(s) is still ongoing

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