| 2024/07/22 |
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Media Statement KWAZULU-NATAL – On Wednesday 17 July 2024, Durban Specialised Commercial Crimes Court sentenced Sivalingam Naidoo (51) for fraud and money laundering. During the period between July 2015 and October 2016, Sivalingam Naidoo was employed as a property administrator by the owner of Phoenix Cash and Carry, who also owns and operates a number of other business properties in the greater Durban area. Naidoo’s duties were to handle all administration with respect to rentals for the corporation. The owner thought that all his property rentals were in order until he found some irregularities in the bank accounts. Naidoo had transferred R1.150000.00 into his personal account. This transaction alerted the employer, who then began to question his tenants about payments of rent and they informed him that Naidoo had informed them that he will be collecting cash as rent. The owner then discovered that Naidoo had defrauded is company a total amount of R5.873 125.50. A case of fraud was reported at Phoenix police station and the case docket was allocated to the Hawks members from Durban Serious Corruption Investigation. Naidoo was arrested in 2017 and appeared in court several times until he was convicted and sentenced . He was found guilty on 344 counts of fraud and sentenced to 9 years imprisonment. He was further found guilty on 2 counts of money laundering and sentenced to 3 years imprisonment.
The KwaZulu-Natal Directorate for Priority Crime Investigation Provincial Head, Major General (Dr) Lesetja Senona welcomed the sentence and applauded the investigating team for the good work.
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