| 2024/07/11 |
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Media Statement POLOKWANE – Kenneth Keletso Chiloane (40), was found guilty and convicted by the Nelspruit Specialised Commercial Crime Court on Tuesday, 09 July 2024 for Contravening Section 6(a) of the Prevention of Organised Crime Act, Act 121 of 1998-money laundering. Contravening the provisions of Sections 235(1)(a) of the Tax Administration Act, Act 28 of 2011 and Contravening Section 4(b) read with Sections 1 and 8 of the Prevention of Organised Crime Act, Act 121 of 1998-money laundering. It is alleged that between 26 January 2016 and 20 July 2017, the accused was employed as a general farm manager at “Koeltehuis” farm near Hazyview in Mpumalanga. He was managing the Yellow Fleet (plant equipment/machinery, like tippers, trucks, and graders) and managing all assets of the farm, on behalf of the complainant/ owner of the farm. It was further reported that Chiloane in his own capacity, rendered services of plant equipment to other entities for his benefit, and without the knowledge of the complainant/owner. Chiloane further submitted false tax invoices to these “non-listed entities” on behalf of “Sesi Waka Trading CC”, a close corporation (referred to as accused no 2), of which Chiloane is the sole director and sole signatory. These “non-listed entities” made several payments and transfers for services rendered into the business bank account of “Sesi Waka Trading CC”, whereas accused misrepresented Koeltehuis farm with intention, prejudicing and causing an actual loss to the farm. The total loss amount of R 4 436 067.91 (four million four hundred and thirty six thousand sixty seven and ninety one rand). The matter was referred to Nelspruit based Serious Commercial Crime Investigation for further investigation. Investigation was finalized and warrant of arrest was authorised and executed. On Tuesday, 09 July 2024, accused, Kennerth Keletso Chiloane was found guilty and convicted in the Nelspruit Specialised Commercial Crime Court on multiple charges of Fraud, Theft and Money Laundering. The matter was postponed to 13 September 2024 for pre-sentence report, correctional supervision and sentence. Ends
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