Times Of Swaziland: E4.8M FRAUD SUSPECT SURRENDERS HIMSELF

E4.8M FRAUD SUSPECT SURRENDERS HIMSELF
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 BY JABULISA DLAMINI on 11/01/2017 00:02:00


MANZINI – The Mbabane businessman, who is alleged to have defrauded the First
National Bank (Pty) Ltd Swaziland of about E5 million, yesterday surrendered
himself to the police.
Sifiso Zulu, whose businesses deals with automobiles and trucks, was handed over
to the Mbabane Regional Headquarters by his attorney, Mangaliso Nkomondze of
Nkomondze Attorneys.
Zulu was charged by the police, through his company, for allegedly defrauding
the bank an amount of E4.8 million. It is alleged that he colluded with some
senior employees at Wesbank though none of them have been charged yet.
Wesbank is a division of FNB that provides motor vehicle and business finance.
Before he was handed over to the police, the businessman was spotted by
reporters from this publication in an upper class restaurant in Manzini, where
he was having breakfast with his attorney and a family member.
From there, the three boarded a top of the range South African registered grey
Jeep Wrangler, which headed to Ezulwini where he had a brief meeting with an
identified acquaintance.
After about two hours, he boarded the same vehicle and headed straight to the
Mbabane Police Regional Headquarters.
Upon arrival, Zulu alighted from the vehicle and headed to the reception area,
where his attorney requested to meet with the arresting officer, one Mshubegaca
Dlamini. The businessman’s attorney was allegedly informed that they would
have to wait downstairs as the officer was still having his lunch.
About 30 minutes later, Zulu was taken to the investigation offices upstairs,
where he was questioned by a team of officers alone, while his attorney
allegedly waited outside.
In an interview with his attorney, Nkomondze said the decision to hand over the
businessman was after seeing media reports about the alleged fraud matter.