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Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

15 years for three people who attempted to swindle trust fund out of R500m

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Three people found guilty of attempting to defraud the Royal Bafokeng Trust Fund of R500 million have each been sentenced to 15 years behind bars.

Three people found guilty of attempting to defraud the Royal Bafokeng Trust Fund of R500 million have each been sentenced to 15 years behind bars.

Mario Marco, Getty Images

  • Three people have each been sentenced for 15 years after attempting to defraud a trust fund of R500 million.
  • They pretended to be signatories and attempted to have the money transferred to another account.
  • A bank employee who became suspicious alerted the police.

Three people found guilty of attempting to defraud the Royal Bafokeng Trust Fund of R500 million have each been sentenced to 15 years behind bars.

The trust forms part of African community investment company Royal Bakfokeng Holdings.

“Goci and Sehlapelo were also sentenced to another two years [of] direct imprisonment for [the] contravention of Section 18 (1) of the Identification Act. They were further declared unfit to possess a firearm. The sentences are to run concurrently,” Maluleke added.

Goci, Sehlapelo and Aaron Madanda approached a consultant at an Absa bank in Burgersfort and claimed to be signatories of the trust. 

“They presented fraudulent identity documents and asked the bank employee to assist in opening an account to transfer R500 million from Royal Bafokeng Holdings into the new account,” said Maluleke.

READ HERE | ‘It is not my duty to go around arresting people’ – Ramaphosa

The bank official became suspicious and alerted authorities and Goci, Sehlapelo and Madanda were arrested.

During the investigation, police arrested Makalela, believed to be the mastermind behind the attempted fraud, at his home in Alexandra.

Madanda is serving a jail term for unrelated fraud and his trial is under way.

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What Does the Word ‘Himbo’ Mean?

THE INTERNET, IN classic fashion, created a new vocab word recently: the “himbo”. The word, which is a portmanteau of “him” and “bimbo,” skyrocketed into modern vernacular following a 2020 Twitter controversy (of course). Since then, folks on social media have been arguing over the word’s meaning and whether or not it’s socially acceptable to

Indian states ban cough syrup linked to child deaths

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Want Bigger, Stronger Arms? Use the Biceps Cable Curl to Finish Off Your Workouts.

IF YOU’RE LOOKING to blow up your arms, you've got plenty of training tools in your arsenal. You can use hammer curls, preacher curls, and of course, the tried-and-true standing biceps curls. All of these exercises will have you working with free weights (either dumbbells or barbells), which is great—but you’re missing out on some

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What Does the Word ‘Himbo’ Mean?

THE INTERNET, IN classic fashion, created a new vocab word recently: the “himbo”. The word, which is a portmanteau of “him” and “bimbo,” skyrocketed into modern vernacular following a 2020 Twitter controversy (of course). Since then, folks on social media have been arguing over the word’s meaning and whether or not it’s socially acceptable to

Indian states ban cough syrup linked to child deaths

Please complete security verification This request seems a bit unusual, so we need to confirm that you're human. Please press and hold the button until it turns completely green. Thank you for your cooperation! Press and hold the button If you believe this is an error, please contact our support team. 185.149.70.50 : df544205-5b71-49b5-a758-fb73ba19

Want Bigger, Stronger Arms? Use the Biceps Cable Curl to Finish Off Your Workouts.

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