Ajith Haripersad Maharaj (57) accused of masterminding a R1.2 million investment fraud has been granted bail in the Randburg Magistrate’s Court on Wednesday, 18 December 2019.
Maharaj was arrested on Wednesday this week by the Hawks’ Serious Commercial Crime Investigation in Johannesburg after he allegedly lured a potential investment banker to invest R1.2 million into his United States of America based investment scheme, Atlantic Crescent Trade (Pty) Ltd with assurances of high interest returns.
The investor allegedly made two transactions in November 2018 amounting to R1.2 million and never received the dividends as promised.
The matter was escalated to the Hawks June 2019 and investigations resulted in Maharaj being charged for the alleged fraud.
Maharaj was granted R20 000 bail and his case was postponed to 29 January 2020 for disclosure.
South Africa Today – South Africa News
