28 Tellers Sacked At NedBank Over US$1 Million Fraud

After being on suspension since April,  28 Tellers from Nedbank have reportedly been fired at last. The employees were reportedly fired on July 10 The Standard exclusively revealed.

The 28 employees mostly tellers were involved in the scandal that rocked the bank a few months ago. The scam they allegedly took part in saw them taking USDs from the bank and replacing it with RTGS when the government maintained that the rate was 1:1.

They had been on suspension and the matter was still before the courts. According to The Standard:

The matter is still pending before the courts, but documents show that the bank has already held disciplinary hearings for the employees who were found guilty. They had been on suspension since April. Nedbank decided to fire the employees on July 10.

According to a letter to one of the tellers seen by standardbusiness, the employees were found guilty of fraud charges at hearings held on May 14.

A source said the employees had appealed against the ruling and the appeal would be first handled by the bank’s grievance and disciplinary committee.

More: The Standard


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2 comments on “28 Tellers Sacked At NedBank Over US$1 Million Fraud

  1. Well done nedbank ….. all the other banks sitting silently …. why not ? When the min of finance has done the same thing restating govt debt in rtgs when us$ was looted .

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