Absa fraud accused spent R200,000 on luxury clothing in one day, court told

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Xolela Masebeni and his wife Athembile Mpani allegedly defrauded the bank of R103m

The bail application of Xolela Masebeni and his wile Athembile Mpani has been postponed until Wednesday. Picture: THAPELO MOREBUDI

Masebeni is accused of fraudulently transferring R103m into six bank accounts over four months in 2021. The two face charges of theft, fraud and contravening the Prevention of Organised Crime Act. He said money deposited into Masebeni’s account was used for cash withdrawals and money deposited into Mpani’s bank account was used for purchases. He said in one day at Sandton City the couple spent R160,000 at a Louis Vuitton shop, then R132,000 at a Gucci store.

The 30-year-old said he owned three vehicles, including a 2019 Land Rover Discovery worth R500,000 and a Volvo D3. Mopeli said the woman accompanied police and Absa officials to another house in the same street that she said the couple was renting.

 

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