User:Thuvack/Activist Thuvack

Zola Mahobe edit

Jordan times 31 May 1987: Short mention edit

Johannesburg (R) - A millionaire from the black township of Soweto and his girlfriend are alleged to have defrauded a leading bank of about nine million rand ($4.5 million), lawyers have said. Zola Daniel Mahobe, a flamboyant businessman and owner of a top black soccer team, and his girlfriend, Snowy Moshoeshoe, were named in an affidavit submitted in court by Standard Bank, the victim of the alleged fraud. The bank, the second largest in South Africa and an associate of Britain's Standard Chartered Plc, charged that Mahobe had nine million rand transferred into his accounts by Moshoeshoe, who worked as a clerk in the bank. Moshoeshoe, who was arrested on monday, is alleged to have bypassed the bank's computer safeguards and over a two-year period transferred the funds into accounts controlled by Mahobe. Mahobe, who is hunted by police, is reported to have spent large sums recently on buying players for his team, the Mamelodi Sundowns.