Man accused of R103m Absa fraud gunned down
An Eastern Cape man who was in the dock for allegedly defrauding Absa of R103 million has been shot and killed outside his home.
Provincial police say 31-year-old IT specialist Xolelwa Masebeni was sitting in a yard with four friends on Saturday when two unknown men approached.
"It's alleged that Masebeni stood up and approached the two unknown men. His friends then heard several gunshots and started running in different directions," says the police’s Manila Nkhohli.
Masebeni sustained several gunshot wounds to his upper body.
He was rushed to the nearest clinic where he died.
"It is believed that the two-armed suspects fled the s end in a silver-grey VW Polo," Nkholi says.
Masebeni was accused of unduly transferring R103 million from his employer Absa into six different bank accounts.
