/ 21 August 2000

R2M FORFEITURE GRANTED IN BANK FRAUD

THE Umtata High Court granted a R2m forfeiture order to the Asset Forfeiture Unit (AFU) against a Lusikisiki prosecutor alleged involved in defrauding the Bank of Transkei of R4.6m. National Director of Public Prosecutions spokesperson Sipho Ngwena said that the AFU had the South African Police Service’s outstanding investigation to thank. In 1995 the sum of R4.6m was defrauded from the Bank of Transkei in Lusikisiki. Eight people, including a prosecutor, were arrested in connection with the fraud. “When the SAPS foiled the transaction they recovered the R2m hidden in different places by the culprits,” he said. The Asset Forfeiture Unit (AFU) is based in the office of the National Director of Public Prosecutions Bulelani Ncuka. – ECN