In just three weeks, 41-year-old Violet Nontsikelelo Shishuba embezzled millions from the bank to notch up 40 counts of fraud when caught.
The accused recorded false ‘inter teller cash in’ and ‘inter teller cash out’ transactions to conceal her fraudulent transfers. Picture: iStock
The Gqeberha Specialised Commercial Crimes Court sentenced Violet Nontsikelelo Shishuba, 41, to 28 years imprisonment following her conviction on 40 counts of fraud and five counts of contravention of the Prevention of Organised Crime Act 121 of 1998. “In her written guilty plea, she acknowledged unlawfully and intentionally transferring significant sums of money from Nedbank’s main account to several accounts under her control and those of an accomplice who was not a bank employee,” Tyali said.“She recorded false ‘inter teller cash in’ and ‘inter teller cash out’ transactions to conceal these fraudulent transfers.”
The fraudulent activities came to light when a discrepancy in the branch’s daily reports prompted an internal investigation by Nedbank.
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