BancABC bank teller in court for $55 000 fraud

BancABC bank teller, Hlonipani Ngwenya (33) appeared in court on allegations of defrauding his employer of $55 000. He denied the fraud charge when he appeared before magistrate Sithembiso Ncube on Friday  and immediately applied for discharge. The matter was remanded to May 23 for ruling.

The court heard that on October 17 2016, Ngwenya was allocated the day’s float of $80 000 from the vault by his supervisor, Derrick Phiri. Ngwenyu also allegedly received R10 540 as deposits from clients. The operations team discovered that Ngwenya had allegedly made false entries in the system after carrying out an end-of-day check on all tellers on transactions on the computer systems as well as physical cash held by tellers.

Ngwenya allegedly failed to account for $55 000 and R10 540, leading bank managers to file a police report. In his defence, Ngwenya denied receiving R10 500 from Phiri and said he entered four transactions, which were $80 000 from the vault, two transactions to the vault, which were $55 000 and $30 000 and also $15 000 to another teller.