The Absa specialist engineer Xolela Masebeni, who is accused of defrauding the bank of R103 million, was shot dead outside his home in Unati Mkefa, Ezibeleni, the Eastern Cape.
“Masebeni sustained several gunshot wounds in the upper body and was rushed to the nearest clinic, where he succumbed to his injuries. It is believed that the two armed suspects fled the scene in a silver grey VW Polo,”
Masebeni is accused of fraudulently transferring R103m into six bank accounts over four months last year. One of these is his account, one is his wife’s, one is a business account, and the other three belong to people whom the state believes have ties to the couple.
Masebeni and his wife are out on R50 000 bail for allegedly swindling Absa out of R103 million.