Former rugby player jailed for fraud

2013-10-04 11:30


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - A rugby player for the former Northern-Transvaal rugby team, Paul Botes, was on Thursday sentenced in the Specialised Commercial Crimes Court in Pretoria to serve 10 years in jail for fraud, Beeld reported.

Botes, 51, reached a guilty plea agreement with the State on 12 charges of theft and one of money laundering after stealing about R19.5m from investors.

He stole the money between 1993 and 2012 while he worked as a broker.

He was first arrested in 2012 at his home in Pretoria, after an investor registered a complaint with the serious economic offences unit of police unit the Hawks.

Botes admitted to having received money from investors, some of whom were elderly, which he then used to fund his own lifestyle.

Read more on:    fraud

Join the conversation! 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.

Inside the Gupta heist

2018-01-21 05:46 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
Comments have been closed for this article.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.