Illovo sugar employee jailed for 10 years for R5.9 million fraud

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The KwaZulu-Natal National Prosecuting Authority (NPA) has confirmed the sentencing of an Illovo Sugar employee for defrauding the company R5.9 million this week.

According to the NPA’s spokesperson Natasha Kara, Saloshni Naidoo, aged 41, stole the money over a three-year period. Naidoo deposited the cash into three accounts, hers, a family member’s and another that belonged to a friend of hers. Naidoo was eventually caught after a colleague reported her to the firm. “She would divert the stolen money into her bank account and those of a family member and a friend,” Kara said as quoted by TimesLIVE. “She was caught after another employee reported her to management.”

 

Illovo did manage to recover R2 million from its former employee after she was found guilty of the fraud crime. “The company was able to retrieve R2m from her bank account and the Asset Forfeiture Unit was granted an order to the value of R720,000.”

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