Alleged fraudster appears in Bethal Court for more than R1m
“The alleged contract also stated that the investment shall be paid back to the investors with returns, as a lump sum of R302,372 on or before September 30, 2020.”
Mbhasobhi Amos Zulu (39) appeared before the Bethal Magistrate’s Court for fraud worth R1 million on Tuesday, August 23.
Zulu was served with summons on July 14 by the Middelburg based Hawks’ Serious Commercial Crime Investigation to appear in court to face his fraud allegations.
According to Capt Dineo Sekgotodi, spokesperson for the Hawks in Mpumalanga, Zulu allegedly met with a couple about investing in his company Mbhasi Trading (PTY) LTD two years ago.
The couple signed an investment agreement with the suspect on August 28, 2020.
The contract was between the Mbhasi Trading PTY LTD and the couple as investors, provided the contract holder with financial investment amount of R85 000 paid by electronic fund transfer (EFT).
“The alleged contract also stated that the investment shall be paid back to the investors with returns, as a lump sum of R302,372 on or before September 30, 2020.”
Capt Sekgotodi said in a media statement that after the contract was signed, several EFTs were made to the couple between September 4, 2020 and the October 7, 2020 and the suspect allegedly received a total amount of more than R3,9m.
“The suspect sent a fraudulent proof of payment from his account on August 8, alleging that the total transfer amount of R3,91m did not all reflect on the receiving account and the couple suffered a total loss of R1,25m.
The suspect appeared before the Bethal Magistrate’s Court on Tuesday and the case was transferred to Bethal Regional Court and postponed to August 30 for further investigation.
