R103million ABSA Accused Tech Specialist Killed

R103million ABSA Accused Tech specialist Killed (News Central TV)

The Absa bank specialist engineer, Xolela Masebeni, who was in the headlines after being arrested for allegedly defrauding Absa bank of more than R100 million within the space of three months has been shot and killed.

Masebeni, who made headlines after being arrested for allegedly defrauding Absa bank of more than R100 million within the space of three months was killed outside his home in Unati Mkefa, Ezibeleni, on Saturday afternoon.

Eastern Cape police spokesperson Warrant Officer Majola Nkohli said “Police can confirm that they are investigating a case of murder after a 31-year-old man, Xolela Masebeni, was fatally shot outside his home at Unati Mkefa area, Ezibeleni, on Saturday afternoon.”

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“On Saturday, February 26 at about 4pm, it is alleged that Masebeni was sitting in the yard with four of his friends, when two unknown men accosted him. It is further said that Masebeni stood up and approached the two unknown men,” Nkohli  added.

On hearing a barrage of gunshots, his friends took to their heels in different directions.

“Masebeni sustained several gunshot wounds in the upper body and was rushed to the nearest clinic, where he succumbed to his injuries. It is believed that the two armed suspects fled the scene in a silver-grey VW Polo,” said Nkohli.

Earlier this month Masebeni and his girlfriend, Athembile Mpani, appeared in the Palm Ridge Specialised Commercial Crime Court in Gauteng, where they were released on bail. The alleged fraudulent transactions were uncovered by Absa’s forensic division.

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Xolela Masebeni and his girlfriend, Athembile Mpani

Spokesperson for the National Prosecuting Authority (NPA) Phindi Mjonondwane had said Masebeni and Mpani, 20, were facing charges of theft, fraud and money laundering.

The charges emanate from allegations that Masebeni siphoned R103 million from his employer, Absa bank,from between September to December 2021, and transferred it into six accounts, including that of Mpani.

Their investigators alleged that Masebeni accessed a Meridian system to debit the corporate business account. He was arrested by the Hawks in Komani (Queenstown) on January 19 and appeared in the Queenstown Magistrate’s Court the next day.


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