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2023/11/07      |  Written By:  Captain Y Mgolodela   |   Province:  Eastern Cape

EASTERN CAPE: Gqeberha High Court granted the preservation order for shares bought by Jonathan Blow (52) the former Accountant and sole director of PE Accounting Solutions (PEAS) on 3 October 2023. Blow was arrested on 24 March 2023  for charges of theft and fraud from his former clients Sunridge Superspar  and Despatch Superspar.  

During the period between 3 July 2020 and 19 September 2022. Blow appointed as the accounting officer for Sunridge Superspar and Despatch Superspar was given full access and administration rights to the two entities trading bank accounts used in the operation of the businesses in order to effectively render the aforesaid services. In addition to the fees for which he had invoiced the businesses  he intentionally and unlawfully transferred cash to the value of more than R40 million from Sunridge Superspar and more than R11 million from Despatch Superspar  to his bank account as confirmed by the investigations of Serious Commercial Crime Investigation of the Hawks in Gqeberha.

Blow was arrested on 24 March 2023 and was remanded in custody ever since his arrest.

Blow was convicted by the Specialised Commercial Crimes Court in Gqeberha on 6 September 2023 .The matter was remanded to 23 November 2023 for pre- sentencing and Psychology reports. Blow also received notification of having been struck off the roll of SAICA (South African Institute for Chartered Accountants).

The matter was referred to  Gqeberha Asset Forfeiture Investigation ( AFI) of the Hawks  for probing which in conjunction with the Asset forfeiture Unit (AFU)  of National Prosecution Authority (NPA) secured  the granting of the preservation order of his more than R1.8 million shares from his business with his business partner. His business partner bought him out and the money is under preservation awaiting granting of forfeiture order and transfer to Criminal Asset Recovery Account (CARA) for state use.

The  excellent joint effort between AFI and AFU is ever commended by the Provincial Head Major General Mboiki Obed Ngwenya.