{"id":46289,"date":"2023-03-28T22:42:21","date_gmt":"2023-03-28T22:42:21","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/kzn-accountant-handed-15-year-prison-sentence-for-defrauding-employer-of-r7m"},"modified":"2023-03-28T22:49:23","modified_gmt":"2023-03-28T22:49:23","slug":"kzn-accountant-handed-15-year-prison-sentence-for-defrauding-employer-of-r7m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/kzn-accountant-handed-15-year-prison-sentence-for-defrauding-employer-of-r7m","title":{"rendered":"KZN accountant handed 15-year prison sentence for defrauding employer of R7m"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>A KwaZulu-Natal accountant has been sentenced to 15 years in prison after being found guilty of 93 counts of fraud amounting to R7 million.<\/p>\n

Zakariya Vahed, 49, was sentenced in the Durban Regional Court on Monday for fraud committed over a decade.<\/p>\n

“Between 2009 and 2019, Vahed was employed by the complainant as an accountant. He fraudulently transferred cash from the company’s bank account to his personal account,” Hawks spokesperson, Captain Simphiwe Mhlongo said.<\/p>\n

The company suffered a financial loss of more than R7 million, added Mhlongo.<\/p>\n

The crimes were reported at Sydenham police station, and the docket was allocated to the Hawks.<\/p>\n

Vahed was arrested in October 2020 and was released on R10 000 bail. He pleaded guilty in August 2022, said Mhlongo.<\/p>\n

According to the Sunday Tribune, Vahed worked at Desai Jadwat Incorporated and used some of the proceeds of the fraud to take overseas religious trips with his wife.<\/p>\n

The fraud was reportedly discovered when a prominent Durban school reported a more than R4.3-million shortage in its bank account. He allegedly used the school’s bank account to transfer funds from other clients’ accounts before transferring it to his personal account.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. A KwaZulu-Natal accountant has been sentenced to 15 years in prison after being found guilty of 93 counts of fraud amounting to R7 million. Zakariya Vahed, 49, was sentenced in the Durban Regional Court on Monday for fraud committed over a decade. “Between 2009 and 2019, Vahed was employed by the complainant […]<\/p>\n","protected":false},"author":84,"featured_media":46287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,314,2372,285,580,286,275],"class_list":["post-46289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-crime","tag-crime-and-courts","tag-durban","tag-fraud","tag-kwazulu-natal","tag-south-africa-2"],"yoast_head":"\nKZN accountant handed 15-year prison sentence for defrauding employer of R7m - South Africa<\/title>\n<meta name=\"description\" content=\"A KwaZulu-Natal accountant has been sentenced to 15 years in prison after being found guilty of 93 counts of fraud amoun ...\" 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