First National Bank was allegedly used by former administrators to steal more than R6.3-million from another major financial institution, Investec, in what the state called “a syndicated manner”.
These allegations are contained in the charge sheet against Noluthando Skhosana and Serati Leopeng, who are also accused of illegally accessing nine FNB accounts valued at R16.9-million.
Subscribe to the Mail & Guardian and unlock this story
There’s a lot more to it and we don’t want you to miss out
And right now, you can get a year’s access to all of our journalism, on any device, for just R500, that’s two-thirds off of our usual price. You can subscribe to the Mail & Guardian at this link.
You’ll also get access to other subscriber-exclusive benefits including, events, newsletters, webinars, and weekly crosswords.
If you have a current subscription, please login here.
