CASE AGAINST MAN CHARGED WITH FRAUD AMOUNTING TO OVER R9 MILLION POSTPONED FOR FURTHER CONSULTATION

CASE AGAINST MAN CHARGED WITH FRAUD AMOUNTING TO OVER R9 MILLION POSTPONED FOR FURTHER CONSULTATION

The Specialised Commercial Crimes Court sitting in Vryburg, postponed the case against Reginald Scholtz (57), to 19 July 2023, for further consultation. The accused attorneys require further particulars relating to the matter, and the state has submitted all required documents in preparation for pretrial conferencing. Scholtz is out on R10 000 bail, and the court ordered him to surrender his passport to the investigating officer. He was further instructed to report to his nearest police station every Monday between 06h00 and 18h00.

He is facing 61 charges of theft, amounting to R 9,1 million. Scholtz was arrested by SAPS’ Provincial Commercial Crimes Unit, on 12 March 2023, after he was charged for allegedly stealing the monies from Botselo Mills (Pty) Ltd, where he was employed as the Group Financial Manager. According to the Hawks investigations, Scholtz held three bank accounts from three banking institutions, and from January 2017 to August 2022, he fraudulently transferred money into these accounts under the pretense of paying service providers, as he had the authority to access the company’s banking systems.

He allegedly created forms requiring authorisation and approval for the release of funds, to be paid by the company to service providers. His fraudulent ways of manipulating the company’s financial system would eventually result in payments into his accounts. The Head of the Specialised Commercial Crimes Unit in the North West, Adv Bongani Chauke, who is also representing the state on the matter, indicated that investigations are complete and the state is ready to go for trial.

The Director of Public Prosecutions in the North West, Dr. Rachel Makhari, and the North West Provincial Commissioner, Lieutenant General Sello Kwena, registered their satisfaction with the collaboration of all role players in preparation for the trial.

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