Duo Nabbed For Fraud: Verulam – KZN A 30 year old woman and a Pakistani Nationa…

Duo Nabbed For Fraud: Verulam – KZN

A 30 year old woman and a Pakistani National were apprehended while attempting to open an account with falsified documents at a bank in Verulam – KZN today (Thursday).

Members of Reaction Unit South Africa were called out to the bank in the Central Business District after a consultant established that a salary advice and a bank statement produced by an Indian female were fraudulent.

Upon arrival Reaction Officers interviewed the woman who was at the bank with her three (3) year old son. She informed Officers that a Pakistani national had met her outside the bank and asked her to assist him in opening a bank account. He informed her that she would be paid for her assistance. After opening the account she was to hand over her bank card to him. He then handed her the documents and waited in the bank while she was being attended to by a consultant.

The Pakistani national is believed to be part of a syndicated responsible for defrauding banks out of large sums of money. Their modus operandi is to generally open bank accounts with falsified documents.

After a few months the account holder applies for a loan. Once the bank approves the application and deposits the money into their account the cash is withdrawn and the account becomes dormant. The account holder is then paid a portion of the loan acquired and only a few or no repayments are made to the bank.

The two suspects were handed over to the Verulam SAPS for further investigation.

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