The money came from the health department, which handed it over for dozens of Leep machines, which are used to prevent cancer by removing abnormal cells from the cervix.
“Penquin’s case is that, had FNB properly maintained, monitored and conducted due diligence on the account, taken cognisance of the high volumes and unusual activity on that account as required by Fica ... the withdrawals would not have been made,” said Johannesburg high court acting judge Naseema Adam.
The alleged scam unfolded in November 2019 when the health department ordered Leep machines from Bold T-Twin. The company ordered them from Vital and agreed to pay R253,000.
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FNB sued for R1.2m over cash that vanished in health department scamFirst National Bank (FNB) faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
FNB sued for R1.2m over cash that vanished in health department scamFirst National Bank (FNB) faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days. My sister-in-law got swindled R28 500 by one the low-income-clients' bank which,even the bank ombudsmen failed to detect the scam carried out by a syndicate that operates from within. Can SAns trust these banks,anymore? Just an observation! 500 billion was withdrawn by 👃🐽🤥and companies and the court decided to ceil records. This one will pass too. Thanks to our judicial SA system.
Source: TimesLIVE - 🏆 28. / 59 Read more »
FNB sued for R1.2m over cash that vanished in health department scamFirst National Bank (FNB) faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
FNB sued for R1.2m over cash that vanished in health department scamFirst National Bank (FNB) faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days. My sister-in-law got swindled R28 500 by one the low-income-clients' bank which,even the bank ombudsmen failed to detect the scam carried out by a syndicate that operates from within. Can SAns trust these banks,anymore? Just an observation! 500 billion was withdrawn by 👃🐽🤥and companies and the court decided to ceil records. This one will pass too. Thanks to our judicial SA system.
Source: TimesLIVE - 🏆 28. / 59 Read more »