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 the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Director of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.