Tebogo Msimanga |
A 45-year-old suspect is expected to make his first appearance before the Rustenburg Magistrate’s Court on Wednesday, where he will face 38 charges of fraud and money laundering. He was arrested by the Hawks’ Serious Commercial Crime Investigation on Tuesday,21 September 2021 for allegedly running an investment scam worth approximately R1.5 million in Rustenburg.
North West Hawk’s spokesperson Tlangelani Rikhotso said It’s alleged that in 2014, the suspect lured investors into investing money in a company called Green fields by promising them returns of 100 percent profit at the end of the investment term.
“The investors allegedly deposited the funds into his bank account, only for the company to vanish without a trace before paying out the funds and dividends as promised.”
Rikhotso added that investigations got underway and the suspect was traced in Gauteng and subsequently arrested.