Gau­train fraud ac­cused linked to Post­bank theft

The Star Early Edition - - NEWS - BOTHO MOLOSANKWE

THE JOBURG man sus­pected of at­tempt­ing to de­fraud the Gau­train Man­age­ment Agency of about R800 mil­lion is al­legedly part of the same syn­di­cate that de­frauded Post­bank of R48m two years ago.

This was re­vealed yes­ter­day at the Jo­han­nes­burg Com­mer­cial Crime Court, where Is­rael Bu­sang made his first ap­pear­ance for ap­par­ently try­ing to de­fraud his em­ploy­ers.

Bu­sang, 30, is said to have in­serted spy­ware on a lap­top he brought to work. The soft­ware would have al­lowed him to ex­tract the pass­words of ex­ec­u­tives in the fi­nance depart­ment who were re­spon­si­ble for pay­ments.

Pros­e­cu­tor Richard Tsha­bal­ala told mag­is­trate Jerry van Vu­uren that the State had charged Bu­sang with two counts of fraud. The other was in con­nec­tion with R48m si­phoned from Post­bank.

Bu­sang, who was a Gau­train Man­age­ment Agency IT tech­ni­cian, was ar­rested on Wed­nes­day after a Hawks in­ves­ti­ga­tion. His case was post­poned to De­cem­ber 2 for a bail ap­pli­ca­tion.

The syn­di­cate Bu­sang is sus­pected to be part of de­frauded the bank be­tween De­cem­ber 2011 and De­cem­ber 2012. Three peo­ple – two of them bank em­ploy­ees – were ar­rested.

Speak­ing out­side court, Tsha­bal­ala said R18m of the miss­ing money had been re­cov­ered. He said some of the un­re­cov­ered R30m was found to have gone to Bu­sang.

South African Post Of­fice spokesman Khu­lani Qoma said four peo­ple had been ar­rested for the fraud. “Three have since been sentenced to a to­tal of 75 years in prison. The sus­pected leader of the syn­di­cate has been ar­rested and will ap­pear in court in Fe­bru­ary.”

Qoma said Bu­sang did not have any re­la­tion­ship with the Post Of­fice and that Post­bank’s se­cu­rity sys­tems had since been up­graded.

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