Wednesday , November 25 2020

MTN wants the accountant to pay behind R53 million she stole

MTN has filed a claim in the High Court of South Gauteng to enforce a former employee to pay R53 million she stolen.

In 2017, it was reported that Ruth Moshabane – an accountant in MTN – deceived the company of over R23 million.

Moshabane appeared in the Johannesburg Special Commercial Crime Court in 2017 after being arrested on 11 April that year.

He faced 16 counts of fraud, which took place between 2011 and 2017, and included accusations of transferring money from MTN to his personal bank account.

This was done using fake queries, and eventually raised by the financial intelligence center board.

Pay back money

A report from the Sunday World has stated that MTN will now be following compensation by Moshabane for the offenses. This includes interest on the money taken, and MTN legal costs.

The report added that the total amount brought by Moshabane was much higher than the R23 million figure reported in 2017 – and sat over R53 million, according to court papers.

He further elaborated the papers on how Moshabane started his fraudulent transactions with one transfer of R60,000. This has evolved over the years, and in 2017 she transferred over R1 million a month for her.

"MTN Jarrad Knoetze's legal representative from Webber Wentzel Attorney said that no settlement had arrived as the matter was still in a baby's period," the report said.

Moshabane did not reply to requests for comments, the report added.

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