THREE ARRESTED IN PRECIOUS METALS TRADING CASE WORTH MILLIONS
GAUTENG – In a major breakthrough against illicit trading in precious metals, three individuals, amongst them father and son have been apprehended in connection with the possession of gold, platinum, and cash valued at approximately R10.2 million.
The arrests were made on Monday, 7 April 2025, during a joint operation led by the Johannesburg Hawks’ Serious Organised Crime Investigation (SOCI) team, in collaboration with the Benoni SAPS and Metro Police K9 Unit. The operation was initiated at Crownwood Office Park, where two suspects were intercepted in their vehicles.
One accused was found with R100,000 in cash, while the other had R70,000. These amounts are suspected to be proceeds from the illegal sale of gold. Preliminary investigations revealed that the premises were operating as an unlicensed gold dealership, utilizing expired permits. A search of the site uncovered significant quantities of gold and platinum ingots valued at around R5 million, along with cash exceeding R5 million.
Further searches conducted at Meyersdal Eco Estate and Theta Office yielded additional evidence, including scales, calculators, and safes. The accused, Zaid Jacob (22), Shaheen Jacob (62), and Muhammed Raees (24), are set to appear in court on Wednesday, 9 April 2025. They face charges of illegal possession and trading of gold and second-hand jewellery without valid permits.
This case highlights ongoing efforts to dismantle illegal mining and smuggling operations. It has been registered at Booysens Police Station, and the accused will make their initial court appearance at the local magistrate’s court. The case was adjourned until Friday, 11 April 2025 for a bail application at the Johannesburg Magistrate’s Court.
Brigadier Phumeza Klaas, Acting Provincial Head of the Hawks in Gauteng, commended the team for their outstanding work. “The Hawks remain steadfast in their mission to dismantle illegal mining and smuggling networks. Criminals must understand that no one is beyond the reach of the law. We will continue to use every available resource to combat these unlawful activities that exploit our country’s precious metals for personal gain,” Brigadier Klaas emphasized.
