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MAITLAND DETECTIVES ARREST SUSPECT FOR 1.4 MILLION RAND FRAUD
2020/08/25      |  Written By:  Captain ISG Kotze   |   Province:  Western Cape

On 2020/08/25 the suspect in a fraud case for R1 473 349.31 was arrested.

The suspect, who was an office manager at a company in Paarden Island, had been diverting company funds from two of their accounts into another account that the suspect had opened for the year 2019.

The transactions were disguised as payments to suppliers. Although some suppliers were paid from the suspects account.

The majority of the funds were transferred into another account and spent. Only when a supplier queried an outstanding payment did the company see that the account numbers differed. A sec. 205 was done on the accounts by the I/O and the extant of the diverted funds were then realised.

The suspect will be appearing in the Cape Town Magistrates' Court on the charge of fraud.