Police find stolen cash stash in haystack

2010-09-03 00:00

MEMBERS of the Asset Forfeiture Unit yesterday seized nine vehicles, including seven minibuses owned by an Esikhawini man, Sibusio Xulu, who is an accused in a R1,5 million theft case in the Richards Bay area.

The crime was committed on September 19 last year.

In papers before the high court in Durban, national deputy director of public prosecutions, Knorx Molelle, said Xulu who was arrested on January 26, is currently on bail of R20 000 pending his trial.

He maintained there is a good chance he will be convicted.He said the investigation against Xulu and other suspects established that employees of G4S — a cash in transit security company — had conspired with a group of criminals to hand over money to them and falsely report it as a robbery to their employers and the police.

Xulu allegedly took part in the scheme and received a cut of the R1 527 383,93 that was stolen.

Molelle said that to date two accomplices (who would testify for the state) have directly implicated Xulu.

Xulu himself has also confessed to three robberies, including this one, made a pointing out and directed the investigating team to where the armoured vehicle was stopped and money was offloaded from it.

He also led police to the place where he had hidden his share of the proceeds of the robbery — a haystack where police recovered R66 500.

The rest of the stolen money has not yet been recovered.

Investigating officer Inspector Eric Nel of the organised crime unit at Cato Manor said the driver of the security van, E.L. Mbambo, and his crew member, S.S. Mtshali. had initially reported to police that they were robbed of the money as well as their firearms and ammunition.

In statements to police they claimed that two men — at least one of whom had a pistol — boarded the security vehicle at a red traffic light and sprinkled petrol in the van.

They alleged that the robbers threatened to set the van alight unless they co-operated. The assailants took contol of the vehicle and drove to a sugar cane field where they were tied up with cable and disarmed. Boxes of money were allegedly removed from the safe and transferred to a black BMW which had followed them.

Mbambo and Mtshali were arrested after police discovered R92 000 stashed in a bag at Mbambo’s home in Durban.

The conspiracy thereafter came to light.

Xulu’s vehicles seized in terms of the court order are five Toyota Hi-Aces, two Toyota Quantums, a Mazda 6 and a BMW 3 series sedan.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/Africa
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.