14 appear in court over alleged R3.99m VAT refund fraud
The case forms part of Project Jan Vas, a wider investigation into an alleged organised criminal network targeting the tax system across several provinces.
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Company recovers R21.55m stolen in bogus bank fraud call
A caller posing as an Absa official persuaded the company’s financial manager to approve electronic links while unauthorised transactions were processed.
FSCA debarments bring Regiments Capital’s Zondo history back into focus
The debarments follow an investigation into improper payment arrangements, unlawful revenue-sharing, and procurement practices at Regiments.
Former senior partner jailed for R39.8m theft
Solomon Slom was convicted of theft and money laundering after funds entrusted to his care were diverted through fraudulent transactions.
Scammers pose as bank officials in R21.5m heist
An urgent preservation order blocked the proceeds from being moved while investigators pursue a criminal case and forfeiture proceedings.
Convicted fraudster jailed again for second ‘investment’ scheme
More than 20 years after his first conviction, a court found that Andrew Futcher ran another scheme that left investors millions out of pocket.
SCOPA presses ahead with Letsoalo charge despite legal risk
SCOPA votes to proceed with a criminal charge against former RAF CEO Collins Letsoalo, despite uncertainty over whether the summons he ignored was served correctly.
SIU findings expose widening municipal governance failures
Investigations across four provinces reveal recurring irregularities, with recovery and prosecution still lagging far behind the findings.
IRBA bans VBS audit partner, hits him with R10.8m penalties
IRBA imposes a lifetime ban, maximum fines and full cost recovery after finding the VBS audit was riddled with missed red flags and undisclosed conflicts.
AFU restrains R43.9m in assets linked to alleged investment scam
The NPA says the order follows arrests in a fraud investigation targeting victims across multiple jurisdictions.
SARS raids mark overdue escalation in illicit economy crackdown
Search-and-seizure operations targeting customs corruption mark a move from policy to enforcement, as SARS steps up efforts against illicit trade draining billions from the fiscus.
Steinhoff fraud cases: fourth conviction secured in South Africa
Former audit executive Hein Odendaal must pay a R2m fine or spend four years in prison following a plea agreement with prosecutors.
AFU secures R11m linked to Foschini impersonation scam
The National Prosecuting Authority says the forfeiture follows an impersonation scheme that led to payments exceeding R22m.
Former Steinhoff director jailed for 5 years in R376m fraud case
Iwan Schelbert admitted to his role in generating a fraudulent invoice that helped to inflate Steinhoff at Work’s accounts.
Classic Financial’s Geldenhuis in court after four-year wait, first LDA lodged
Classic Financial Services edges closer to closure as the first liquidation and distribution account is formally lodged for public inspection.
Customer’s retirement savings targeted in meticulous internal fraud
The consultant bypassed the bank’s two-factor authentication and fingerprint checks to manipulate digital records and drain a client’s savings.
Life sentence for man who killed farmer for insurance pay-out
The court found that Francisco Erasmus befriended an elderly Oudtshoorn couple before plotting a brutal murder to claim life insurance benefits.
