MTN Accountant Arrested for Million Dollar Fraud

A financial accountant for South African telco MTN is behind bars after being accused of stealing ZAR24mn (USD1.8mn) from her employer, reports ENCA.com. Ruth Moshabane was arrested at MTN’s headquarters in Fairland, Johannesburg, after her personal bank contacted MTN about a series of suspicious transfers into her account. It is alleged Moshabane repeatedly took money from MTN’s bank account between 16th July 2015 and 4th April 2017.

Moshabane’s LinkedIn profile says she worked at MTN for almost 14 years, and describes her as a “financial accountant and aspiring entrepreneur.” Who knew that she was talking about a criminal enterprise!

You can read the ENCA.com story here.

Eric Priezkalns
Eric Priezkalns
Eric is a recognized expert on communications risk and assurance. He was Director of Risk Management for Qatar Telecom and has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and others.

Eric was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He was a founding member of Qatar's National Committee for Internet Safety and the first leader of the TM Forum's Enterprise Risk Management team. Eric currently sits on the committee of the Risk & Assurance Group, and is an editorial advisor to Black Swan. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.

Commsrisk is edited by Eric. Look here for more about Eric's history as editor.