MTN financial accountant bust for R24 million fraud

21 April 2017

Mergers, Acquisitions and Financial Results

An MTN financial accountant has been bust for allegedly stealing R24 million from the company‚ the Gauteng Hawks said on Thursday.

“Investigations into her accounts came after a bank contacted MTN’s management about ‘suspicious activity’ in her account‚” said Captain Ndivhuwo Mulamu.

“It is alleged that the suspect fraudulently transferred money from the MTN bank account into her personal bank account for the period between 16 July 2015 and 04 April 2017‚” Mulamu said.

The woman was arrested by the Hawks’ Serious Commercial Crime division at MTN headquarters in Fairlands on Tuesday.

She was expected to appear before the Johannesburg Specialised Commercial Crimes Court for fraud and theft later on Thursday.

Source: Herald Live