ABSA employee to spend a decade in jail for fraud

National News

23 September 2020Eastern Cape Correspondent/PretoriaLIVEPORT ELIZABETH – A 33-year-old former ABSA Bank customer services clerk Siphokazi Katyu has been sentenced to 10 years imprisonment by the Port Elizabeth Specialised Commercial Crimes Court for fraud amounting to just over R1.1 million. 

Katyu, who was stationed at the bank’s Kwadwesi branch, in Port Elizabeth, pleaded guilty to the charge earlier this week. National Prosecuting Authority’s spokesperson in Eastern Cape, Anelisa Ngcakani said in November 2015, Katyu unlawfully changed the banking details of a Flexisave account which belonged to an ABSA client. She also changed the physical address and the cell number. 

“Furthermore, she issued a debit card on the client’s portfolio and linked the debit card to flexi-save, 32-day notice and money market accounts which did not belong to the client. She also created two variable payment instructions to three FNB accounts,” said Ngcakani.“Between 13 and 23 November 2015, the debit card was used at five ATMs in Port Elizabeth to transfer R1 131 220 from the money market account to the Flexisave account created by Katyu. 

The ABSA client was defrauded a total of R1 164 057-20 between November to December 2015.”It was established in court that the ABSA client had not requested a change of address and contact number. Furthermore, the client had not requested that a debit card be issued on her Flexisave account nor did she request for it be linked to any other account. “Importantly, the client was in Johannesburg when the transfers were made in Port Elizabeth.

Senior state prosecutor, Advocate Leigh-Anne Pillay-Selahle, argued in court that Katyu committed the offence while she occupied a position of trust and that her actions put the livelihood of her employer, ABSA, and its client at risk,” said Ngcakani.The court also heard that Katyu faced an overwhelming case with a paper trail that pointed to her as well as video footage that clearly showed her involvement.  She was then left with no choice but to plead guilty.PretoriaLIVE

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