FOREX SCAM HITS NEDBANK : 28 ARRESTED

A massive scandal has rocked Nedbank Zimbabwe — a local
unit of one of South Africa’s largest financial services groups — after 28
employees were nabbed by police for allegedly swindling the financial
institution of over US$1,1 million through an ela…

A massive scandal has rocked Nedbank Zimbabwe — a local unit of one of South Africa’s largest financial services groups — after 28 employees were nabbed by police for allegedly swindling the financial institution of over US$1,1 million through an elaborate scheme of swopping depositors’ US-dollar bank balances with electronic money (RTGS). Some of the employees that were implicated in the