The Commercial Crime Unit of the Directorate for Priority Crime Investigation (DPCI), the Hawks, in the North West arrested a couple on fifty counts of fraud.
The suspects, 33-year-old Ms Nomsa Mavuso-Nkosi and Mr Sfiso Dlamini were running an unregistered investment company called “Real Bantu”.
Nkosi and Dlamini, who introduced themselves as cousins, allegedly defrauded unsuspecting mineworkers and other professionals in the Steelfontein and Klerksdorp areas of more than R2,7 million in shady investments deals.
The duo was arrested during a presentation to potential investors in one of the potential victim’s houses in Steelfontein. The suspects appeared in the Steelfontein Magistrates’ Court on fifty counts of fraud on Monday, 10 June 2014. Their case was postponed to 13 June 2014 for a formal bail application while they remain in custody.
“We are warning investors to be careful when choosing an investment company. If the returns are too good to be true, at most, it is usually not,” said the provincial head of the Hawks in the North West, Major General Ntebo Mabula.