Newtown’s First National Bank (FNB) Operations Manager, Zandile Sibiya, accused of stealing R4 million from her employer has appeared in the Palm Ridge Specialised Commercial Crimes Court.
The 39-year-old Johannesburg woman was granted R10 000 bail on Tuesday.
Allegations are that Operations Manager Sibiya fraudulently processed the forex payments with the International Banking Centre System transaction and transferred about R4 million into her bank account.
FNB’s forensic analysis uncovered the anomaly and referred it to the Hawks’ Serious Commercial Crime Investigation at the Johannesburg office for further investigation.
Captain Ndivhuwo Mulamu said an extensive investigation was conducted which culminated in the arrest of Sibiya.
“The Ormonde resident handed herself in accompanied by her legal representative and the investigation team subsequently charged her with fraud,” said Captain Mulamu.
“She appeared in the Palm Ridge Specialised Commercial Crimes Court on the same day and was released on bail with no conditions.”
The case was postponed to 18 January 2022 for docket disclosure.