MPUMALANGA – Lifa Nxumalo, a former employee at Capitec bank appeared at Middelburg Magistrate Court on Monday, on charges of fraud, Theft and contravention of the Prevention of Organised Crime Act no. 121 of 1998 (POCA).
Over the period between November 2017 and April 2018, Nxumalo whilst working as a bank teller, allegedly colluded with two bank clients and overlooked essential supporting documents on their personal loan applications. He allegedly processed two applications with fraudulent documentations wherein two transactions of R130 521-05 and R100 000-00 were paid into the applicants’ banking details. A portion of the respective amounts was allegedly transferred to his personal account with another bank.
He was subsequently fired from his job and the matter was reported to the Hawks Serious Commercial Crime Investigation for a further probe. Nxumalo was arrested in Middelburg on Sunday, 05 June 2022 by the Hawks team based in Nelspruit and he was released on R1500-00 bail shortly after his first court appearance today.
He is expected to be back in court on 21 June 2022, more arrests are expected and more possible charges cannot be ruled out.