A 28-year-old businessman has been jailed for 10 years for fraud and money laundering involving R4,5-million, Limpopo police said on Tuesday. Superintendent Mohale Ramatseba said the Polokwane Regional Court on Monday sentenced Daniel Renky Seuname to 10 years' imprisonment for fraud and 10 years' for money laundering, ordering that the sentences run concurrently. Seuname was also ordered to repay the Capricorn District Municipality R59 000.
His company was fined R2-million, suspended for three years, on condition he was not convicted of crimes relating to fraud and money laundering during that period.
Ramatseba said the fraud involved the fraudulent transfer of R4,5-million from the Capricorn District Municipality. It was discovered when a bank became suspicious over an attempt to withdraw R1-million from the account into which the money was transferred. Municipality accountant Phetole Mamorobela, 46, and businessman Malesela Ledwaba, 56, have yet to stand trial for their alleged part in the crime. They will appear in the Polokwane Regional Court on February 17 and 18 next year.
Source: Mail & Guardian
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