R1,75 million in cash at border: Nicolas Fouché sentenced for money laundering, fraud
Fouche was arrested for contravening Exchange Control Regulations and the Customs and Excise Act.
LIMPOPO- Nicolas Fouché (25) appeared in the Lephalale Regional Court yesterday, 15 September for sentencing.
Fouché was arrested by police at the Stockpoort Border Post in 2019, on his way to cross the border into Botswana.
Read more: Man arrested at border with R1,75 million in cash
According to a statement released by Hawks Provincial Spokesperson, Capt Matimba Maluleke, Fouche attempted to take R1,75 million in cash into Botswana. “Fouche was stopped by officials on 7 August 2019 and asked if he had anything to declare. A search revealed cash hidden in the boot of his car,” Maluleke said.
Fouche was arrested for contravening Exchange Control Regulations and the Customs and Excise Act.
Also read: R1,75 million in cash at border: Lephalale man (25) convicted of money laundering
“On count 1 of money laundering, Fouche was sentenced to four years’ imprisonment wholly suspended for five years on condition that he is not found guilty of the same offence during the period of suspension. On count two, which is fraud, he was sentenced to five years’ direct imprisonment,” Maluleke added.
The R1,75 million in cash has been forfeited to the state.
