Home | News | E4.8M FRAUD SUSPECT SURRENDERS HIMSELF

E4.8M FRAUD SUSPECT SURRENDERS HIMSELF

Font size: Decrease font Enlarge font

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.

Comments (0 posted):

Post your comment comment

Please enter the code you see in the image:

: Only Christianity in schools
Is government being fair by allowing only Christianity in schools come Tuesday?