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The Pretoria Magistrates Court.
Photo by Gallo Images / Sowetan / Tsheko Kabasia
Nine people are expected to appear in Pretoria Magistrates Court on Friday in connection with a R53 million fraud case.
The suspects, who were taken into custody Thursday, allegedly defrauded millions of people in the city of Tshwane, Hawks spokesman Col. Katlego Mogale said.
“It is alleged that in December 2019 R53 million was stolen from the municipality after the system was allegedly hacked. Cash was transferred to different bank accounts, including that of Ayakhula Trading. Former directors of the company … were arrested immediately after the fraudulent transaction, “Mogale said.
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The company has also allegedly been involved in similar fraudulent activity targeting a JSE Trustee account of 1 billion rand, Mogale said.
The suspects, aged 23 to 60, will be charged with fraud and corruption, along with the two directors of the company.
“The fight against the looting of municipal funds that paralyze the provision of services will continue until the perpetrators are prosecuted,” Mogale added.
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