Suspected IT Specialist Shot Dead After Defrauding Absa Of R103 Million

Absa IT specialist Xolela Masebeni was shot dead in the Eastern Cape over the weekend after allegedly fraudulently transferring R103 million into six bank accounts over a four-month period.

Police spokesperson Warrant Officer Majola Nkohli. “Police can confirm they are investigating a case of murder after a 31-year-old man was fatally shot outside his home at Unati Mkefa area, Ezibeleni, on Saturday afternoon.”

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Masebeni, according to Nkohli, was sitting in the yard with four friends when two men arrived.

“It is said Masebeni stood up and approached the two unknown men. His friends heard several gunshots and started running.

“Masebeni sustained several gunshot wounds in the upper body and was rushed to the nearest clinic where he succumbed to his injuries.

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Nkohli said, “It is believed the two armed suspects fled the scene in a silver-grey VW Polo.”

Masebeni and his wife, Athembile Mpani, were charged with theft, fraud, and violating the Preventing Organized Crime Act.

One of the accounts into which Masebeni transferred the stolen money was his own, another was his wife’s, another was a business account, and the other three belonged to people with ties to the couple, according to the state.

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Aside from buying seven cars with cash, the two are also accused of purchasing two properties in Khayelitsha on the same day. The state accuses them of spending more than R250,000 in one day on a shopping spree in Sandton.

They were both granted R50,000 bail earlier this month while their case was rescheduled for March.