GAUTENG – An alleged business email compromise fraudster, Kgomotso Thulare (50) was remanded in custody at the Randburg Magistrate’s Court on Wednesday, 16 November 2022.
This emanates from a criminal case dating back to June 2019, where Thulare reportedly siphoned about R4.8 million from Abland Property Group Pty Ltd. Thulare is said to have fraudulently intercepted an email communication between a project manager of Abland and the director of Iguana Projects. He altered the banking details of Iguana to his own. Payment was consequently deposited into his account.
Following correspondence between the two entities, Thulare’s bank accounts were successfully frozen but not before he used at least R100 000 from the proceeds. Thus about R4.7 million was recovered. The Hawks’ Serious Commercial Crime Investigation ensued shortly after the crime was reported. Thulare was arrested on Tuesday, 15 November 2022 in Meyerton, Johannesburg after he had been on the run.
The case against Thulare was postponed to 23 November 2022 for a formal bail application.