Eight years in jail for R1.7m fraud
A former credit controller at MTU SA signed a plea bargain for 22 counts of fraud totalling R1.7m and will effectively spend eight years in prison.
A Cape Argus report notes the plea and sentence agreement of Anovuyo Mvula was finalised in the Bellville Specialised Commercial Crime Court.
After considering the mitigating factors and aggravating circumstances, she was handed 10 years' imprisonment for the counts of fraud, of which five years were conditionally suspended; eight years wholly suspended for five years in respect of the count for the contravention of the Prevention of Organised Crime Act; and 12 months' imprisonment suspended for five years for the contravention of the Electronic, Communication and Transaction Act.
The sentences run concurrently so she will serve eight years.
The accused admitted that she manipulated the financial system of MTU SA between January 2014 to December 2016, and made fraudulent transfers into her personal bank accounts.
She also agreed to sign a confiscation order so that R125 738 in her provident fund could be forfeited.
© Juta and Company (Pty) Ltd 2016
Article disclaimer: Juta expressly reserves the right, in its sole and absolute discretion, to alter or amend any criteria or information set out in this article without notice. Accordingly, any information, including journalistic articles, are not intended to constitute legal, financial, accounting, tax, investment, consulting or other professional advice or services. Before making any decision or taking any action based on the information contained in this article, which decision or action might affect your personal finances or business, you should consult a qualified professional advisor.