13 June 2019

South Africa: Hefty Jail Term for R1.7 Million Fraud Stolen From Employer

press release

Anovuyo Mvula (28) appeared at the Specialised Commercial Crimes (SCC) Court in Bellville on 6 June 2019 facing a charge of fraud valued over R1.7 million. This follows her arrest on 26 March 2019 and subsequent court appearance on the same day, she was released on R10 000-00 bail.

Mvula, a Credit Controller employee at a reputable international organisation, allegedly manipulated the financial system between January 2014 to December 2016 and made fraudulent transfers into her personal bank accounts. The stolen funds were supposed to be paid to existing suppliers or service providers.

She pleaded guilty on all 22 counts of fraud, money laundering and contravention of the Electronic Communications and Transactions Act 25 of 2002 (ECT Act). Consequently, Mvula was sentenced to ten (10) years direct imprisonment, of which 5 years is suspended for five years with conditions. Additionally, the accused's pension of (R125 738.75) will be forfeited.

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