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Palm Ridge Specialised Commercial Crimes Court granted an alleged fraudster R10 000 bail on Tuesday, 16 November 2021.
Allegedly, between September 2019 and August 2021, Newtown’s FNBOperations Manager, Zandile Sibiya (39), fraudulently processed the forex payments with International Banking Centre System transaction and transferred approximately R4 million into her bank account.
FNB’s forensic analysis referred the matter to Johannesburg Hawks’ Serious Commercial Crime Investigation for further investigation.
Hawks conducted extensive investigation and received a warrant of arrest for Sibiya’s.
The Ormonde resident handed herself in accompanied by her legal representative. Investigation team subsequently charged her with fraud.
She appeared before Palm Ridge Specialised Commercial Crimes Court on the same day and released on bail with no conditions.
The court remanded the case to 18 January 2022 for docket disclosure.
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