Police probing bank fraud
Authorities are searching for a man in connection with the theft of R895,000 from a university professor's bank account, Gauteng police said.
The money was transferred out of the account and into three other accounts in October 2011, Warrant Officer Xoli Mbele said. It was not immediately clear how this was done.
Money was transferred from two of the three accounts without any of the fraudsters being caught. However, a man and a woman were caught on CCTV cameras withdrawing money from the third account at two FNB banks.
The duo made two withdrawals from an FNB bank in the Johannesburg CBD and another two from a bank at The Glen shopping mall in the south of Johannesburg.
Altogether, they withdrew about R325,000 in cash.
The FNB account was in the name of "Sihle Derrick Zondi" and police were searching for this individual.
Mbele said the pair used the same tellers at each bank. Both bank employees had since been fired and arrested.