Title: South Africans Arrested for Alleged Multi-Million Theft from Lesotho Central Bank

Two South Africans Arrested in Connection with Central Bank of Lesotho Theft Scandal

-The Hawks, South Africa’s Directorate for Priority Crime Investigation, in collaboration with Lesotho authorities, have apprehended two South Africans in relation to a multi-million theft scandal from the Central Bank of Lesotho. -Marcious Lerato Lisene (35) and Uthando “Toto” Matoti (42) were taken into custody last week in separate locations.

Suspected Fraudsters Part of Complex Scheme, “Traggulogy”

-Sources reveal that the two suspects are believed to be part of a complex fraud scheme, “Traggulogy,” allegedly siphoning funds from the Central Bank over several years. -Suspicious transactions worth approximately R57 million have been identified between the Central Bank and private accounts. -The exact methods used to divert the funds have yet to be disclosed.

Suspects Confess to Involvement, Charges Pending

-Both suspects have reportedly confessed to their involvement during police interrogations. -Marcious Lerato Lisene, a Ficksburg-based businessman, admitted to receiving large sums of money from a senior employee at the Central Bank. -Uthando Matoti, a well-known figure in Bloemfontein, is alleged to have laundered the ill-gotten gains.

Ongoing Investigation, More Arrests Expected

-A Hawks spokesperson, Mandla Ndlovu, confirmed the arrests but could not elaborate on the allegations due to the ongoing investigation. -Additional arrests are imminent as authorities continue to unravel the intricate web of deceit.

Suspects to Appear in Court on Fraud, Money Laundering Charges

-Both suspects are expected to appear in the Ficksburg Magistrate’s Court on Thursday on charges of fraud, money laundering, and contravening the Prevention and Combating of Corrupt Activities Act. -The widespread attention drawn to this case in both South Africa and Lesotho has led to calls for stricter measures to combat financial crimes and protect the integrity of financial institutions.