A 38-year-old suspect is appearing this morning, in the Durban Magistrate’s Court consequent to his arrest at KwaNdengezi for 50 counts of fraud.
The suspect’s arrest comes after a complaint was laid by his previous employer. It was reported that the suspect was employed as an accounts payable clerk for Massmart where he fraudulently reallocated funds of unpaid invoices together with his two accomplices who then directed the final payments to various bank accounts. He then, during his crime spree, enticed one service provider to invoice Massmart and they would split the proceeds. Massmart suffered a total loss of over R3 million of which the suspect pocketed 60%.
Investigations are continuing.