My parents lost a five-year R1 million investment because of Nedbank’s shocking lack of security

My parents lost a five-year R1 million investment because of Nedbank’s shocking lack of security. *****sters managed to open a current account in my father’s name and transfer his investment there for their own use — something that should never have been possible if proper controls were in place. We reported the ***** to Nedbank’s ***** department and SAPS over ten weeks ago, but we have received no proper feedback, no updates, and no resolution. Despite multiple follow-ups and promises that “someone will get back to us,” we’ve heard nothing. This negligence is unacceptable. Nedbank’s silence shows a complete disregard for its clients and raises serious concerns about how safe anyone’s money really is with them. Please be very careful before banking or investing with Nedbank — even your investments are not safe. When something goes wrong, you may be left completely in the dark. We demand an urgent, transparent update on this case