The SA Police Service is investigating staff at First National Bank and a Richards Bay law firm for alleged fraud committed during the registering a home loan.
The alleged suspects include FNB employees and the attorney, who handled the transfer of the property and who is based in Richards Bay. The investigation has centred on how, in 2005, FNB approved the bond to a company called Mantrac, allegedly using the names, forged signatures, illegally obtained ID books and bank statements of individuals who were not directors of the company, said the police officer.
He shared documents with City Press showing that on March 7 2005 Mantrac’s five directors, including himself, Biyela and Majola, approved a resolution to grant Janine Patricia Winton Cardy the power of attorney to conclude the bond with FNB on behalf of Mantrac.At the time, Cardy, who has since died, was Mantrac’s chairperson.
“We gave her the R1.6 million and we became partners in Mantrac. But the entire thing collapsed when we discovered that the R3.2 million bond – which Cardy had applied for – was to buy the same house, which we were converting into a guesthouse. She didn’t own it.”It had apparently been commissioned by a commissioner of oaths, despite the fact that none of the five directors had signed next to their names on the last page.
In 2007 FNB took Gumbi, Biyela, Majola and Cardy to court after they had failed to pay the bond’s monthly premiums.This was after Gumbi had solicited the service of Mike Irving, a professional document examiner, to look at all the documents, which had been submitted to FNB as part of the bond application.
vercingetorics. Please see thread as to what happened to me at the hand of FNBNamibia
Akungqulathi eMpangeni nase Bay.
Sisi lihle_toya nenzani manje lapho?
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