The Directorate for Priority Crime Investigation (Hawks) Serious Commercial Crimes Unit in Johannesburg arrested the 42-year-old accountant last week at MTN headquarters in Fairlands.
She was made a brief appearance in court on Thursday.
Moshabane, who has been working for MTN for more than 13 years, was remanded in custody and is yet to apply for bail.
It is alleged that Moshabane fraudulently transferred money from the MTN bank account into her personal bank account for the period between 16 July 2015 and 4 April 2017.
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The bank contacted MTN management about suspicious transactions made into one of their employee’s personal bank account. Further investigations revealed that the account number belonged to Moshabane.
AFRICAN NEWS AGENCY