National
Former Gautrain employee in court for fraud─── 13:50 Tue, 02 Dec 2014
Johannesburg - A former Gautrain Management Agency (GMA) employee was involved in two separate multi-million rand cases of fraud, the Johannesburg Special Commercial Crimes Court heard on Tuesday.
Prosecutor Richard Tshabalala said information technology technician Obakeng Israel Busang was allegedly involved in siphoning over R42 million from the PostBank in 2011.
"In a separate matter regarding the SA Post Office, the State will allege that during December 2011 to January 3, 2012, over R42m was transferred to at least 103 PostBank accounts. These accounts were opened in Gauteng, North West, Free State, Limpopo, and KwaZulu-Natal," said Tshabalala.
A total of R265,000 was transferred to Busang's bank account and withdrawn at various ATMs in January 2012, Tshabalala said.
Busang faces charges of fraud, corruption, money laundering, and contravention of the Electronic Communication and Transactions Act. He is applying for bail.
Busang allegedly colluded with a syndicate. In the GMA fraud case, the agency stood to lose R800m had the transactions been successful.
"The accused agreed to assist the syndicate to gain remote access to the GMA computer system," Tshabalala said.
Busang allegedly connected his laptop to the GMA system, allowing him and the syndicate to harvest usernames and passwords of GMA staff.
"No actual transfers were made but login details of various staff was obtained."
The Hawks and the GMA arrested Busang on November 12 at his home in Ga-Rankuwa, north of Pretoria.
The State is opposing bail. Tshabalala said Busang was a flight risk and had the propensity to commit further offences.
Sapa
"In a separate matter regarding the SA Post Office, the State will allege that during December 2011 to January 3, 2012, over R42m was transferred to at least 103 PostBank accounts. These accounts were opened in Gauteng, North West, Free State, Limpopo, and KwaZulu-Natal," said Tshabalala.
A total of R265,000 was transferred to Busang's bank account and withdrawn at various ATMs in January 2012, Tshabalala said.
Busang faces charges of fraud, corruption, money laundering, and contravention of the Electronic Communication and Transactions Act. He is applying for bail.
Busang allegedly colluded with a syndicate. In the GMA fraud case, the agency stood to lose R800m had the transactions been successful.
"The accused agreed to assist the syndicate to gain remote access to the GMA computer system," Tshabalala said.
Busang allegedly connected his laptop to the GMA system, allowing him and the syndicate to harvest usernames and passwords of GMA staff.
"No actual transfers were made but login details of various staff was obtained."
The Hawks and the GMA arrested Busang on November 12 at his home in Ga-Rankuwa, north of Pretoria.
The State is opposing bail. Tshabalala said Busang was a flight risk and had the propensity to commit further offences.
Sapa
