The accused, Abrie Jaco Burger (50) appeared before the Bloemfontein Magistrates’ Court Thursday, 18 November 2021 for allegation of fraud and money laundering.
It is alleged that during the period of March until December 2018, Burger who purported as the co-owner of FinAfrica Loans in Bloemfontein approached the victims and presented an investment opportunity whereby high interest rates were promised if the victims could invest their money into FinAfrica Loans.
The victims then invested a total amount of R1 500 000 with the accused.
After a few months the victims then received the promised interest payments but subsequently these monthly interest payments were reduced and later stopped.
The victims then seek a legal representative whereby it was discovered that the accused was not working at FinAfrica Loans anymore and that their money were never invested at FinAfrica Loans.
The matter was then reported to the Hawks’ Serious Commercial Crime Investigation team based in Bloemfontein for further investigation which culminated to the suspect handing himself over to the investigators and he was charged.
The case against Burger has been remanded to Thursday, 2 December 2021. The accused was granted R5000 bail.
