Mcebisi Mlozi and Balisa King Socikwa appeared in the Stutterheim Magistrate’s Court on Monday on charges of fraud to the tune of R92m.
They were arrested over the weekend and charged with fraud, money laundering and contravention of the Municipal Finance Management Act. “The Eastern Cape Hawks-led multidisciplinary task team pounced on the two in the early hours of Sunday morning in Qumbu and Sandton. Crime intelligence and detectives formed part of the task team which is tasked with investigating fraud and corruption in the Eastern Cape,” Hawks spokesperson Brigadier Hangwani Mulaudzi said in a statement on Monday.
“However, the Amahlathi Local Municipality initiated a regulation 32 appointment and the appointment saw, in April 2014, Socikwa allegedly signing, on behalf of the municipality, a lease agreement with Mlozi for the purchase of yellow plant machinery valued at R92m.According to the SIU, the arrests were a step forward in the fight against corruption.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Businessman and former municipal manager out on bail for R92m fraudBusinessman Mcebisi Rudolf Mlozi and former Eastern Cape municipal manager Balisa King Socikwa appeared in court on Monday for alleged fraud amounting to R92m. Let me guess the bail is only R5000 to R50 000 😂😂😂30k surely.... Mxn
Source: TimesLIVE - 🏆 28. / 59 Read more »
Businessman and former municipal manager out on bail for R92m fraudBusinessman Mcebisi Rudolf Mlozi and former Eastern Cape municipal manager Balisa King Socikwa appeared in court on Monday for alleged fraud amounting to R92m. That's how our justice system work if you have money you get bail if you poor like me they keep you behind bars Stop. Freeze bank accounts, before it all disappears. Shoutout RSA Banks and IMF, World Bank. The looting has to stop now.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Bid to have Dudu Myeni declared a delinquent director will go onThe high court in Pretoria dismissed two court applications launched by the former SAA director OUTASA Maybe the word Voeeeeesek will penetrate the arrogant skull
Source: BDliveSA - 🏆 12. / 63 Read more »