Two fraudsters brought to book for R800m scam
According to SAPS, the potential loss of the scam was R810 609 571.
TWO fraudsters landed in the dock after their scam, that racked up more than R800m, was discovered.
SAPS spokesperson, Captain Simphiwe Mhlongo said the accused, Nhlanhla Makhanya (45) and Wandile Malinga (38) appeared in the Durban Specialised Commercial Crime Court on Wednesday, September 29.
“On January 22, the accused allegedly approached a transactional banker at one of the banks in Durban. It is alleged that they tried to alter signatories on a Corporate Investment Bank account that does not belong to them and were not mandated to do so. The potential loss was more than R 810 609 571,” said Mhlongo.
Also read: Fraudster steals R18m in elaborate housing scam
A case of fraud was opened at the Durban Central police station and the case docket was transferred to the Hawks’ Durban Serious Organised Crime Investigation unit.
“Makhanya and Malinga were traced and arrested yesterday (September 29),” added Mhlongo.
The accused were both granted R5 000 bail and the case was postponed to October 29.
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