Saturday 2018-01-20

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HOW TO STEAL E1.7 MILLION: TWO DIRECTORS ARRESTED

By Sisho Magagula | 2018-01-12

The ‘How to steal R2 million’ movie brewed in South Africa is often made a reference point in the streets when anyone is accused of stealing millions.

Two directors of Sefika Insurance Brokers will also be discussed in that lingo after they were arrested and charged with the theft of over E1.7 million.

Nonhlanhla Sibonisile Salelwako of laMgabhi under Chief  Ndzimanye and 51-year-old Zintombi Patricia Ntiwane appeared at the Mbabane Magistrate’s Court yesterday morning after being arrested the previous day.

The exact amount they are accused to have stolen is E1 741 834.41, and this is money which was collected from clients by them as insurance brokers under Sefika Insurance Brokers (Pty) Ltd and was supposed to be remitted to the Royal Swaziland Insurance Corporation (SRIC).

Sefika Insurance Brokers is based in the capital city and the two are listed as its directors.

When they made their court appearance before Mbabane Senior Magistrate Nonlanhla Dlamini, the two were accompanied by their lawyers, Zonke Magagula and Ian Dupont from Magagula and Company law firm in Manzini.

theft

According to the charge sheet, the two are jointly charged with theft in that during the period from June 2015 to December 2016 at Sefika Insurance Brokers (Pty) Ltd in Mbabane, the said accused persons, being directors of Sefika Insurance Brokers and entrusted with the responsibility to collect insurance premiums on behalf of the Swaziland Royal Insurance Corporation (SRIC)  and to remit the said premiums to SRIC within a period of 90 days the said accused persons did unlawfully, and intentionally steal a sum of E1 741 834.41, being monies received from various clients, the property in the lawful possession of SRIC.

money

The charge sheet further states that the accused persons did receive the said money and they knew that the said money was to be remitted to SRIC as per their Broker Agreement, but failed or neglected to remit it and thereby did commit the crime of theft.

The two were not asked to plead but simply remanded back into custody pending their committal to the High Court.

It was later learnt that after being remanded by the magistrate’s court, the two suspects, through their attorneys, moved an urgent application before the High Court seeking to be released on bail. 

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