Audio By Carbonatix
A South African woman who stole $28m (£23m) from her employer received a 50-year prison sentence on Friday.
Hildegard Steenkamp siphoned off the money over a 13-year period from the healthcare company she worked at as an accountant in Gauteng province.
Steenkamp had earlier pleaded guilty to 336 counts of fraud.
She appeared in front of a magistrate, who said he had never worked on a case that involved the theft of such a large sum by an individual.
Magistrate Phillip Venter expressed his shock saying "to comprehend that one employee stole so much money from her employer is mind-boggling".
Steenkamp's defence was that her abusive late husband forced her to steal the money. Mr Venter disputed this and said "she perpetrated the actions alone".
Forensic investigators found that Steenkamp spent the money funding her lavish lifestyle of gambling, jewellery purchases and travel.
On one spending spree she spent $263,000 in a single night at a casino.
The court also heard that Steenkamp spent nearly $1.6m on international trips and visited Dubai frequently.
She worked at the company between 2004 to 2017 before she resigned.
Steenkamp managed to concoct this plan as she was given authority to add or remove creditors from the company's database, according to the South African police.
She added her husband as a creditor and started depositing money into his account.
Steenkamp handed herself to the authorities in 2018 and was granted bail. She eventually pleaded guilty earlier this year.
Latest Stories
-
Digital-savvy youth in Northern Ghana use internet to digitise local languages for generations
13 minutes -
GES directs Dzodze-Penyi SHS Headmaster to step aside over alleged sexual misconduct
27 minutes -
My vision is to build an agile central bank ready for emerging risks; tackling dollarisation is also a major priority – Asiama
30 minutes -
Ukrainian city hit by ‘massive’ strike as peace talks in US conclude
41 minutes -
Staff and tourists among 25 killed in Goa nightclub fire
52 minutes -
BoG to cut policy rate aggressively in coming months – Fitch Solutions
54 minutes -
GPL 2025/2026: Salim Adams sends Medeama top of the league
1 hour -
CUTS raises concern over prolonged delay in consumer protection and competition law passage
1 hour -
Dumelo urges youth to embrace agriculture, entrepreneurship at VYE Forum
1 hour -
GPL 2025/26: Oduro’s stunning strike earns Hohoe United win over Asante Kotoko
1 hour -
Samartex return to winning ways with victory over GoldStars
1 hour -
Bolt Food Ghana vows to boost employment as regulator commends its growth
2 hours -
NAIMOS task force arrests 7 illegal miners in raid at Kwaebibirem
2 hours -
GIMPA Law School Dean strengthens ties with International Justice Bodies on historic visit to The Hague
2 hours -
GREDA President pushes for swift reduction in interest rates
2 hours
