The Palm Ridge Specialised Commercial Crimes remanded a couple charged with fraud and theft in custody regarding their employer’s missing millions.
It is alleged that between July 2015 and October 2020, Andrew Butho Sipondo (43) was employed by a Bryanston based company, Turnkey Interiors (PTY) Ltd as a project manager.
He reportedly created fraudulent suppliers’ invoices and transferred approximately R4.5 million into three bank accounts belonging to his girlfriend and co-accused, Silethiwe Patricia Zulu (40).
A warrant of arrest was issued for the couple’s apprehension after the matter was reported to the Hawks’ Serious Commercial Crime Investigation team in Johannesburg.
The duo handed themselves in at the Hawks’ Johannesburg office accompanied by their legal representative.
Sipondo and Zulu were immediately charged with fraud and theft. They appeared in court on the same day where they were remanded in custody pending in investigation.
They are expected back in court on Wednesday, 9 March 2022 for a formal bail application.
