Intengo Imoto v Zoutpansberg Motor Wholesalers | EFT fraud and BECs

In Intengo Imoto v Zoutpansberg Motor Wholesalers, the Supreme Court of Appeal held that a purchaser (debtor) who falls victim to EFT fraud through email interception, paying into a fraudulent bank account, has not discharged its payment obligation to the creditor. Anyone paying someone else needs to know that they bear this risk and the […]