'There is now a war chest available to fund more organised crime, to corrupt more officials and to promote lawlessness,' SA Banking Risk Information Centre CEO Nischal Mewalall warns.
Banks plan to go after cash stolen during July unrest timeslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timeslive.co.za Daily Mail and Mail on Sunday newspapers.
Banks plan to go after cash stolen during July unrest sowetanlive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sowetanlive.co.za Daily Mail and Mail on Sunday newspapers.
The suspect, a former employee of G4S, a multinational security company, allegedly stole R2.4 million from the G4S Cash Solutions depot in Westville in the Upper Highway area in 2019.
Elderly warned against new bank scam
By Shanice Naidoo
Cape Town - The elderly are being targeted in the latest bank fraud scam.
“Several cases reported since January this year. The value involved is over R700 000. In a few cases, the bank was able to freeze the account so that the funds didn’t get released. The victims are elderly persons,” said Port Alfred police spokesperson Captain Mali Govender .
National police spokesperson Brigadier Vish Naidoo said while he was not aware of reports in other areas, people from different provinces are not immune to the scam.
The SAPS issued a warning stating that fraud cases are a crime of concern as criminals are using another trend to defraud persons.