An extensive operation by the Hawks and AFU has led to the seizure of 77 vehicles and valuable properties tied to an alleged R157 million fraud scheme that shook Nedbank.
The Asset Forfeiture Unit and the Directorate for Priority Crime Investigation Unit, popularly known as the Hawks , targeted various properties in Roodepoort , Randburg , Krugersdorp and Pretoria tied to 15 suspects accused of perpetrating a staggering R157 million fraud and theft scheme against Nedbank .
"The property secured in terms of the order includes houses, sectional title units, a small holding, 77 vehicles , cash held in bank accounts and business interests." "Items that were attached at the various locations include gold and silver jewellery, luxury wrist watches and designer clothing items, laptops and cellphones, approximately R80 000 in cash, a cash counting machine, licensed handguns and assault rifles, 16 magazines with ammunition and 2172 rounds of ammunition of various calibers," she said.
Reports suggest that she allegedly exploited her role to orchestrate fraudulent transactions, transferring funds from suspense accounts intended for legitimate victims of fraud into accounts belonging to accomplices, all while feigning that the funds were owed to them., allegedly received over R91 million through various transactions into his personal and business accounts, Ivy League Group Ltd and IVL Guards Ltd, both of which he is the sole director.
Phindi Mjonondwane Nedbank Lucas Keitumetse Mathimbi Nicolette De Villiers Hawks The Asset Forfeiture Unit Directorate For Priority Crime Investigation Unit Krugersdorp Pretoria Randburg Roodepoort Afu Ivy League Group (Pty) Ltd National Prosecuting Authority Gauteng Group Financial Crime Forensics And Security De Villiers Palm Ridge Regional Court Ivl Guards (Pty) Ltd
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