3 bogus City of Joburg 'board of directors' nabbed after alleged R400m fraud attempt

0:00
play article
Subscribers can listen to this article
Three people have allegedly defrauded the City of Joburg.
Three people have allegedly defrauded the City of Joburg.
iStock

Three suspects, who pretended to be the board of directors of the City of Johannesburg and allegedly attempted to defraud the municipality of almost R400 million, made their first appearance at the Rustenburg Magistrate's Court on Monday.

Palesa Montana, Natasha Nakedi and Shirinda Mitimba were arrested on Friday following an investigation into fraud and identity fraud, according to the Hawks.

"It's alleged that the three accused walked into an Absa branch in Rustenburg and pretended to be board of directors for City of Johannesburg Metropolitan Municipality," said Hawks spokesperson Captain Tlangelani Rikhotso.

They reportedly presented fraudulent documents and ordered the transfer of almost R400 million to be wired into 14 different trust accounts. 

Rikhotso said the documents presented to the bank were, however, confirmed as fraudulent and the matter was reported to the police who then detained the three suspects. 

The matter was postponed to 24 March for a bail application. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
As a child or as an adult, have you ever been a victim of bullying?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, at school
55% - 3648 votes
Yes, at work
17% - 1149 votes
No, I've never experienced this
27% - 1816 votes
Vote
USD/ZAR
14.26
(-0.3)
GBP/ZAR
19.85
(-0.4)
EUR/ZAR
17.16
(-0.4)
AUD/ZAR
11.05
(+0.0)
JPY/ZAR
0.13
(-0.3)
Gold
1,794.40
(+0.9)
Silver
26.57
(+2.8)
Platinum
1,218.50
(+2.5)
Brent Crude
66.57
(-0.7)
Palladium
2,882.01
(+4.3)
All Share
67,146
(+0.5)
Top 40
61,399
(+0.5)
Financial 15
12,126
(-0.3)
Industrial 25
86,735
(+0.3)
Resource 10
69,254
(+1.0)
All JSE data delayed by at least 15 minutes Iress logo