PROVINCIAL detectives have arrested 14 suspects for vehicle finance fraud on Monday afternoon. The suspects were arrested in Chatsworth, Phoenix and Montclair.

A total of 15 vehicles were confiscated in the operation valued at approximately 15 million.

Colonel Thembeka Mbele, provincial spokesman for the SAPS, said the recovered vehicles had been handed over to the bank.

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“During 2017 and 2018, about 20 cases of motor finance applications were detected as fraudulent and were validated and approved by a bank employee. The modus operandi was to approach unemployed people and people who were desperate for money in order to get their ID copies, conduct credit checks and process applications.

“The installments were not made to the bank and some of the vehicles were sold without the consent of the bank. Charges of fraud were opened at different police stations like Mayville, Point, Greenwood Park  and Durban Central SAPS,” Mbele said.

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