'Fraudster's' assets seized
2003-09-02 12:39
Johannesburg - The assets of a 25-year-old man who allegedly defrauded his employer of more than R5m in Lenasia, south of Johannesburg, were seized by the Assets Forfeiture Unit and the Commercial Crimes Unit on Tuesday.
Spokesperson Ouma Rabaji said Dinesh Singh was arrested on May 27 2003 on charges of fraud and theft.
He worked as a supervisor at a company and his responsibilities included processing invoices. He allegedly submitted fraudulent invoices to his company which would in turn pay the money into his personal account.
The seized assets include a house and 11 vehicles.
Rabaji said other assets were taken from family members and friends who received them as gifts from Singh. His bank account was frozen.
He is out on bail of R150 000 and is expected to appear in the Johannesburg Specialised Commercial Crime Court on November 28.
- SAPA