The love of money is the root of all evil.
A Standard Bank branch manager used her authority to steal over R1 million from the bank.
The 47 year old female branch manager took the money from the safe last week and she converted it for her own use.
According to the police, she allegedly stole R800 000 between Thursday and Friday from the bank’s safe, and handed the cash over to an unknown person.
After she had successfully stolen the first batch, she then allegedly transferred over R300 000 to that same persons account held at the bank.
That was her biggest downfall and that is how she got caught.
The unknown person had promised her double the amount if she gave him the money in what is believed to be a pyramid scheme.
“It is further alleged that, on 30 April 2021 during lunch, the suspect was again called by the same person, and was requested to deposit an additional amount of N$306 000 into a Bank Windhoek account number which was sent to her via sms, which she did. The total value involved is N$1 106 000.
Nothing has been recovered yet,” said the police.
The branch manager is currently in police custody. All for the love of a quick buck.
Source: New Era
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