Former bank supervisor to be sentenced end of Jan

17 Jan 2018 14:40pm
WINDHOEK, 17 JAN (NAMPA) - A former bank employee who admitted to defrauding Standard Bank Namibia at Gobabis of over N.dollars 1.6 million between January 2013 and August 2015, will hear his sentence at the end of this month.
Mark Wayne van Wyk, 29, was found guilty as charged when he admitted to 288 fraud charges and the related alternative theft charges at the start of his fraud and theft trial began before High Court Judge Naomi Shivute Tuesday morning.
Shivute, after having listened to submissions by the prosecution and defence in respect of the type of the sentence to be passed, said on Wednesday she will hand down the sentence on 31 January this year.
State Advocate Salomon Kanyemba, in his submission, asked the court to hand down a direct prison sentence because Van Wyk abused his position of trust and used the stolen money to entertain friends and family and on gambling.
On his part, Van Wyk's Government-sponsored defence lawyer, Attorney Jan Wessels pleaded with the court to show some mercy when passing the sentence because his client has expressed sincere remorse with his guilty pleas for committing the crimes.
Furthermore, Wessels asked the court to suspend a portion of the sentence to be imposed.
In a plea of guilt statement submitted to the court on Tuesday, Van Wyk accepted responsibility for the crimes he is charged with by the State.
He told the court that he was employed as the accounts support consultant, also known as asset custodian, at the Gobabis branch of Standard Bank Namibia and his duties were to oversee transactions on the bank’s internal revenue / interest accounts, as well as to do treasury balancing in respect of those accounts.
Van Wyk admitted that he personally initiated a scheme whereby he would obtain banking accounts from his friends, relatives and acquaintances, and would manipulate the bank’s system to cause payments to be captured and transferred from the bank’s internal revenue/interest accounts to his personal accounts and to the accounts of his friends, relatives and acquaintances.
His fraudulent actions caused the bank’s branch at Gobabis to lose N.dollars 1 604 217 from 19 January 2013 until 31 August 2015.
He told the court he was not forced or influenced by any person or persons to admit to committing the crimes and pleading guilty to the charges.