On Monday 27 March 2023 Durban Regional Court sentenced Zakariya Vahed (49) to 15-years direct imprisonment for 93 counts of fraud.
During the period between 2009 and 2019, Vahed was employed by the complainant as an accountant.
He fraudulently transferred cash from the company’s bank account to his personal account. As a result, the company suffered a financial loss of more than R7 million.
A case of fraud was reported at Sydenham police station and the docket was allocated to Hawks members from Durban Serious Commercial Crime Investigation.
Vahed was arrested in October 2020 and he was released on R10 000.00 bail.
He appeared in court several times until he pleaded guilty in August last year hence he was sentenced.
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