In a shocking turn of events, a 42-year-old Plumtree man, Sipho Ndlovu, has been arrested for allegedly embezzling over R600 000 from his employer, Lingwale Enterprises. Because, you know, R600 000 is just a small amount to sneeze at.
Ndlovu, who was employed as a manager, allegedly used his position to steal from the company by falsifying records and pocketing the difference. He would receive daily takings from tellers, authenticate them with his signature, and then allegedly fail to deposit the money into the company safe.
Ndlovu’s methods were almost… artistic. He would enter fake records of electricity purchases, claiming to have bought more units than he actually did, and pocket the difference. On one occasion, he allegedly bought US$78 worth of electricity but recorded it as US$100. On another, he bought US$80 worth but recorded it as US$170. Talk about a creative approach to theft!
Ndlovu’s alleged thefts went undetected for months, with him using various tactics to cover his tracks. He even went as far as to fail to pay employees and pocket mobile money transfers. The total value stolen is a staggering R621 935,45, and nothing has been recovered.
The offence came to light in February when Ndlovu’s boss, Mandla Donga, asked him about the missing funds, and he promptly resigned. Donga later discovered that some money was missing from the safe and engaged auditors to investigate. The auditors uncovered Ndlovu’s alleged creative accounting methods, and he was subsequently arrested.
Ndlovu is currently facing two counts of theft and will have to face the music. Let’s hope he gets the book thrown at him for his alleged crimes. After all, R600 000 is a lot of money, and someone’s gotta pay.
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