Four suspects appear in Giyani court for fraud, money laundering

Four suspects appear in Giyani court for fraud, money laundering

Four suspects are appearing at the Giyani Magistrate’s Court in Limpopo for fraud and money laundering amounting to R767 000. According to police spokesperson Malesela Ledwaba, the suspects called the victims, pretending to be bank representatives, and offered to help them create bank profiles. They then allegedly withdrew or transferred money from their bank accounts.

Four suspects are appearing at the Giyani Magistrate’s Court in Limpopo for fraud and money laundering amounting to R767 000.

According to police spokesperson Malesela Ledwaba, the suspects called the victims, pretending to be bank representatives, and offered to help them create bank profiles.

They then allegedly withdrew or transferred money from their bank accounts.

Ledwaba says the money was initially transferred to one bank account and later distributed to four other accounts.

“Investigations revealed that the stolen funds were initially transferred into a single account before being distributed across four different account holders. The arrested individuals, aged between 28 and 43 years, are scheduled to appear before the Giyani Magistrate’s Court on Thursday, 06 March 2025, facing charges of fraud and money laundering. Fraud and money laundering have a devastating impact on individuals and businesses.”

Original Story by www.sabcnews.com

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