WESTERN CAPE – The Hawks Serious Commercial Crime Investigation team served a 42-year-old suspect with court summons to appear at the Specialised Commercial Crimes Court in Bellville on the 5 October 2020.
He will be facing numerous charges of fraud, money laundering and forgery exceeding R8.4 million.
It is alleged that the Managing Director employed in a company he once owned misappropriated funds over a period between 2012 to April 2017.
He had access to the company’s Payroll Data System, which permits him to authorise money payment(s) or transfers.
Over the said period the suspect was allegedly linked unauthorised payments to unknown beneficiaries, without any invoices nor the beneficiaries having rendered any service to the company.

Source: South African Police Service