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MTN accountant arrested for stealing more than N546 million

By News Express on 14/04/2017

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A financial accountant at the headquarters of telecommunications giants MTN in South Africa has been arrested for allegedly stealing R24 million (about N546.72 million using the exchange rate of one Rand to 22.78 Naira.

A report by South Africa’s TMG Digital quoted Hawks officer Capt Ndivhuwo Mulamu as saying on Thursday: “Investigations into her accounts came after a bank contacted MTN’s management about ‘suspicious activity’ in her account.

“It is alleged that the suspect fraudulently transferred money from the MTN bank account into her personal bank account for the period between July 16 2015 and April 4 2017.” Mulamu said.

The report disclosed that the woman, whose name was not made public, was arrested by the Hawks’ Serious
Commercial Crime division, at MTN headquarters in Fairlands on Tuesday.

It added that the suspect had been scheduled to appear before the Johannesburg Specialised Commercial Crimes Court for fraud and theft.

Source News Express

Posted 14/04/2017 3:00:18 PM


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