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The noose may finally be tightening on members of a 99 rand debit order syndicate as the Hawks THIS WEEK confirmed two more arrests. The latest suspects are a father-son duo running a call centre in Durban. Ravenda Singh and his son Andrew were arrested last Wednesday in Johannesburg. According to the police the pair were involved in unauthorized debit order transactions where clients from different banks lost approximately R18 million, collectively. The R99 debit orders were withdrawn fraudulently between November 2018 and February 2019. The 2 suspects were part of a syndicate which made at least R200 million in unauthorized debit order transactions. To help understand how these scams work and how we can detect them we spoke to Payment Association of South Africa CEO, Gita Erling...
By SAfmThe noose may finally be tightening on members of a 99 rand debit order syndicate as the Hawks THIS WEEK confirmed two more arrests. The latest suspects are a father-son duo running a call centre in Durban. Ravenda Singh and his son Andrew were arrested last Wednesday in Johannesburg. According to the police the pair were involved in unauthorized debit order transactions where clients from different banks lost approximately R18 million, collectively. The R99 debit orders were withdrawn fraudulently between November 2018 and February 2019. The 2 suspects were part of a syndicate which made at least R200 million in unauthorized debit order transactions. To help understand how these scams work and how we can detect them we spoke to Payment Association of South Africa CEO, Gita Erling...

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