The Gqeberha Commercial Crimes Court in Eastern Cape sentenced two former Absa bank consultants for fraud and money laundering.
Florika Owusu and Abongile Tyusha were sentenced to six years in prison each on Friday, without the option of a fine.
The Hawks said Owusu and Tyusha opened unauthorized bank accounts, and reactivated dormant accounts between 2019 and 2021, to fraudulently transfer cash between the bank accounts.
After the fraudulent transfers, the directorate said the pair would withdraw cash from various areas in and around Humansdorp.
It said the transactions were made in tranches, and as a result, Absa suffered a loss of over R1 million.
The bank is said to have noticed discrepancies during auditing and conducted an internal investigation.
It subsequently reported the matter to the Hawks, and the pair was arrested in July 2022.
-EWN
