Couple appears in court for alleged online dating scam

2018-08-15 17:48

A couple who allegedly defrauded 'vulnerable and unsuspecting' women through an online dating scam have appeared in the Cape Town Regional Court, according to the Hawks.

Two more VBS execs provisionally sequestrated

2018-08-03 14:04

Two more VBS Mutual Bank executives have been provisionally sequestrated, bringing to five the total number of managers at the institution whose assets are now effectively on ice.

Former VBS boss only heard of ‘looting’ after it happened, advocate argues

2018-08-02 07:39

Intense arguments have been heard around whether or not Robert Madzonga, former VBS chief operations officer and group executive officer of Vele Investments, should be provisionally sequestrated.

VBS head's explanation of R15m bonus is ‘absurd’, court hears

2018-07-31 13:52

An explanation by VBS Mutual Bank's CEO about an alleged R15m bonus paid to him, which he says he earned for other reasons, has been described as absurd and bizarre by a legal representative.

Bogus tax practitioner sentenced to direct inprisonment

2018-07-29 15:15

Tax practitioner Nosicela Ntozini was sentenced to six and a half years direct imprisonment for 159 counts of fraud and for failing to register as a tax practitioner.

More Ekurhuleni officials arrested in licensing dept clean-up blitz

2018-07-27 20:06

In a blitz to clean up fraud and corruption at Ekurhuleni licensing departments, four more officials have been arrested in Germiston, bringing the tally of arrests to 13 in the last two weeks.

5 vehicle licensing department officials arrested for corruption, fraud

2018-07-27 09:28

Five officials from licensing offices in Ekurhuleni have been arrested in connection with fraud and corruption relating to the registration of vehicles.

VBS CEO: I knew, heard nothing

2018-07-22 06:05

Andile Ramavhunga claims ignorance of the fraudulently extracted R1.5 billion, though he does not deny it happened.

VBS 101 - from the masterminds to the mass fraud

2018-07-17 07:30

The case of VBS is complex and still unfolding. Here is a breakdown of what the bank was intended to be, the alleged fraud that occurred, and key figures said to be involved.

THE STEINHOFF SAGA: Part four - Five lessons we can't afford to ignore

2018-07-05 07:15

It's too early to say how the fall of Steinhoff will eventually play out. Nonetheless, it's possible to distil some key learning points from the Steinhoff case.


Is the local auditing watchdog effective?

2018-08-05 10:58

Following numerous corporate scandals across the world, Makhosandile Kwaza asks how regulators miss the red flags.

Paul O'Sullivan seeks damages following withdrawal of umpteenth 'fake' case

2018-08-02 19:08

Private forensic investigator Paul O’Sullivan will be seeking a private prosecution against deputy director of public prosecutions, JJ Mlotshwa, as well as Warrant Officer Kobus Vlok and others he believes were involved “in the gross abuse of his constitutional rights”.

VBS execs pulled off SA's 'biggest bank robbery', advocate tells court

2018-07-31 19:10

VBS Mutual Bank's executives have carried out the country's "biggest bank robbery" - and did so in designer suits - an advocate has claimed in the South Gauteng High Court.

BREAKING: Three VBS execs provisionally sequestrated, Vele liquidated

2018-07-31 11:50

Provisional sequestration orders have been granted against three businessman in the VBS Mutual Bank fraud saga, while Vele Investments, VBS's main shareholder, has also been liquidated.

SARS worker, who claimed fraudulent refunds for family, gets 5 years in jail

2018-07-27 21:56

A former South African Revenue Service employee, who completed income tax returns on behalf of 38 taxpayers and claimed fraudulent refunds, has been sentenced to five years' imprisonment.

OVERVIEW: 'We only have political power, not economic power' - Zuma to supporters outside court

2018-07-27 13:30

The case against Jacob Zuma, which sees the former president facing charges of fraud, corruption, money laundering and racketeering, has been provisionally postponed until November 30. Zuma addressed supporters outside court afterwards.

Uber passengers are reportedly getting hit with fines after drivers allegedly commit 'vomit fraud'

2018-07-24 13:31

A new fraud is on the rise where Uber drivers falsely report riders have vomited inside their vehicles.

PIC duo's shady payouts

2018-07-22 06:05

Public Investment Corporation executives Paul Magula and Ernest Nesane both allegedly received monthly payments from Vele Investments for over a year, totalling around R5m each.

Fake clients, suitcase of cash and a chopper - how VBS allegedly dealt with ‘R1.5bn fraud’

2018-07-13 11:34

Elaborate plans, including creating fake clients, were discussed hours after VBS Mutual Bank was placed under curatorship following the internal looting of R1.5bn funds, it has been alleged in court papers.

Steinhoff is back from the dead - its share price rallied 50% in a morning

2018-07-03 12:46

Speculators may be entering the fray.

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