Two co-directors will face each other before court on an alleged fraud case.
According to the report at
the disposal, the two directors co-owned two companies. Investigation revealed that the two co-directed two companies registered in 2011 and 2013, respectively.
Mpumalanga Policespokesperson Lt Col Mabongiseni Nkosi the two co-directors allegedly tried to apply for an overdraft in 2023 to boost the second company that was registered in 2013. The bank could not approve the overdraft as the company was not financially stable.
It is alleged that one of the directors, a 43 year old male, proceeded with the application shortly, submitting falsified documents, overstating the profit, and understating SARS liabilities. As a result, the R1 million overdraft was granted by the bank due to misrepresentation of documents.
After irregularities were picked up, the matter was referred to the Hawks Secunda based Serious Commercial Crime Investigation for further handling.
A year-long investigation provided suspicion that the suspect intentionally submitted falsified documents for his benefit.
The team comprised of the Hawks Secunda based Serious Commercial Crime Investigation, Serious Corruption Investigation, and Serious Organised Crime Investigation arrested the suspect on 02 May 2025. The suspect was arrested in Brackenhurst outside Alberton in Gauteng.
The suspect is expected to make his first court appearance before Evander Magistrate’s Court on Monday, 05 May 2025.
The Acting Provincial Head of the Directorate for Priority Crime Investigation in Mpumalanga Brigadier William Mokonyama welcomed the arrest. “We have the dedicated team on the ground that are committed to get to the bottom of every criminal activity and bring the perpetrators behind bars for justice to prevail,” warned Brigadier Mokonyama.