the monitor

Kazungula man loses P134k to 'KYC' scammers

Cash
Cash

A 34-year-old man from Kazungula has been swindled out of P134,000 by fraudsters who masqueraded as bank employees, claiming to assist him with updating his Know Your Customer (KYC) details.

Confirming the incident, Peter Masole (WHO IS HE???) said part of the money was withdrawn on Friday, whilst the remainder was withdrawn on Saturday.

Masole said the victim received a phone call from an individual claiming to be from his bank, requesting that he provide his personal banking details so they could assist him in updating his KYC information.

Editor's Comment
Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

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