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ACCUSED APPEARED IN COURT FOR FRAUD AND MONEY LAUNDERING: KWAZULU-NATAL
2021/09/28      |  Written By:  Captain S Mhlongo   |   Province:  Kwazulu-Natal

KWAZULU-NATAL – Two accused, Selvan Naick (50) and Yuveshin Pillay (38) briefly appeared in the Durban Magistrates' Court yesterday on charges of fraud and money laundering which happened at Durban in 2015.

It is alleged that the accused’s accomplice manipulated letters of instruction for the bank to release payment to the wrong accounts. He allegedly changed the banking details to reflect incorrect details as a result R1.3 million was stolen and distributed into different accounts.

A case of fraud was reported at Point police station and the case docket was allocated to the Hawks members from Durban Serious Corruption Investigation for further investigation. The accused were arrested today.

Pillay was released on a R1 500 bail and Naick was also released on a R5 000 bail.  Their case was postponed to 11 October 2021 and more arrests are expected.