Louis Erasmus (56), appeared before the Port Elizabeth Specialised Commercial Crime Court today, 26 April 2018, for alleged theft and money laundering amounting to approximately R1.2 million.
It is alleged that Erasmus stole millions between August 2011 and July 2012 from his law clients’ accounts which were kept in a trust account.
He allegedly transferred some of the funds into various bank accounts. The investigation by the Hawks was as a result of his clients’ stresses which led to his capture.
Erasmus was released on a warning and he is expected to be back in court on 21 May 2018.
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