Edgy investors paced around the courtroom in Kempton Park, Johannesburg shortly before the eight men arrested for allegedly running an investment scam were to appear in court. The eight are Daniel van der Merwe, 60; his son Daniel van der Merwe, 31; Daan van Jaarsveld, 46; Timothy Mills, 37; Tswelopele Zondo, 50; Kevin Trytsman, 43; Johannes Wessels, 37, and Jack Knight, 52.
They face charges of fraud, theft and of contravening the Companies Act. They allegedly defrauded 91 people of a total of R10,1-million through a scam which ran from 1999 to 2000. Investors could buy a truck from the company by depositing R70 000, with the truck being used to transport coal from mines. Investors were promised R23 000 monthly returns on investments.
The case was postponed until Wednesday for the men to make formal applications for bail. They were remanded in custody. A handful of investors were joined by agents from the Scorpions Unit as they waited for the men to appear in court.
Source: IoL
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