BANK MANAGERS USED ME TO GET RICH - E5M SUSPECT

MBABANE – “I know that the bank has no case against me as I was used as a guinea pig for the self –enrichment of the upper management of the bank.”

This was the submission of the businessman who was arrested for allegedly defrauding Wesbank, a branch of the First National Bank (FNB) Swaziland, a sum of E5 million.
Sifiso Zulu made these submissions in his application for the variation of his bail conditions. “I shall at trial, if any is prosecuted against me, clear not only my name but also show that the top management abused my vulnerability,” submitted the businessman.

Zulu is alleged to have colluded with some senior employees at WesBank when he committed the offence
In his application for the variation of the bail conditions, Zulu told the court that he needed his passport to continue with his life and earn a living in order to provide for his young children. 

He was also seeking an order directing that he should report to the Mbabane Police Station every last Friday of the month. Zulu, who holds a dual citizenship, said he was granted bail by the High Court on January 12, 2017. Giving a background of the matter, Zulu submitted that he was formally charged with the crime of fraud which arose from conducting a motor vehicle dealership, under a company of which he was a director.

He pointed out that the company where he was a director was Keona Investments (PTY) Limited which was trading under the style name Automobile Cars. “Having been granted bail, I have lived with the mother of my two children at Mhlambanyatsi and also stayed with my mother at Luve. I was born in Swaziland but my father is a South African,” submitted the businessman. He further submitted that he had lived, grown up and was educated in this country and he considered himself as a Swazi.

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