Foreign money fraud bust
    Gill Gifford
    August 25 2008 at 07:06AM

Police have delivered a blow to a syndicate targeting Joburg's wealthy, robbing them of their offshore investments and money stashed in foreign bank accounts.

A third man has been arrested in connection with operations that have siphoned foreign currency out of offshore accounts and investments, diverting it to banks around the world.

While accused number two has been released due to a lack of evidence against him, Democratic Republic of Congo nationals Ludewig Mutombo and newly arrested Lupanza Manutshionbe are expected to stand trial in the Commercial Crimes Court in October.

Meanwhile, the investigating officer is scheduled to head off to numerous countries to track down evidence and trace the workings of the gang, which has succeeded in stealing about R50-million in 28 transactions, with a possibility that more cases could be added to the docket.

Jean-Louis Kayitenkore
Procurement Consultant
Gsm: +250-08470205
Home: +250-55104140
P.O. Box 3867
East Africa
Blog: http://www.cepgl.blogspot.com
Skype ID : Kayisa66

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