| 2024/04/17 |
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Media Statement
GAUTENG – A family of four, including the former Chief Financial Officer (CFO), Priscilla Ramlakan (51), husband, Yasheen Ramlakan (42), along with two family members have been implicated in over R12.3 million fraud committed against the Braamfontein based Star Schools. It is alleged that for a period of approximately three years from 2019 to 2021, Priscilla as CFO of the Star Schools fraudulently transfered money from the entity’s account into her own bank accounts. She would subsequently transfer to her husband’s, as well as their children’s bank accounts. This was done under the guise of paying tax to the South African Revenue Services (SARS). Other payments were referenced under school expenses. The Chief Executive Officer of the Star Schools matric rewrite programme appointed auditors. The probe uncovered fraudulent activities implicating the CFO. The case was registered at Hillbrow police station in October 2022. The Hawks’ Serious Commercial Investigation revealed the flow of funds to close family members. The docket was referred to the Director of Public Prosecution (DPP), for a decision that has resulted in the warrants of arrest being executed.
The former CFO was the first to be arrested early in April followed shortly by Seheshan Ugan Pillay (21), and the recent arrest of Yasheen on Tuesday, 16 April 2024. All three are expected to appear in the Palm Ridge Specialised Commercial Crimes Court on 08 May 2024. They have been granted bail, Yasheen and Pillay R10 000 bail each, whilst the former CFO was released on R100 000 bail. The outstanding implicated person (daughter) is said to be based overseas.
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