R186 mil alleged investment scam: Prominent businessman arrested

South African Police Service

R186 mil alleged investment scam: Prominent businessman arrested
R186 mil alleged investment scam: Prominent businessman arrested. Photo: SAPS

Kapai Pierre Petersen (43) appeared before the Specialised Commercial Crimes Court in Palm Ridge on charges of fraud, theft, forgery, and uttering on Tuesday 4 February 2020, involving approximately R186 million alleged tender scam.

Petersen allegedly created and forged tender documents to lure his business partners to invest into his company, Blue Future Internet and Surveillance. ALCARI 805 cc and 605 Consulting were allegedly presented with fraudulent invoices by Petersen allegedly for funding to purchase equipment orders for hardware and internet surveillance as per National Health Laboratories Services (NHLS) requirement in 2016.

ALCARI 805 cc allegedly suffered a loss of approximately R12, 5 million, 605 consulting lost about R60 million in the process and NHLS lost about R114 million on fraudulent documents submitted by Blue Future Internet Surveillance owned by Petersen.

Hawks’ Serious Commercial Crime Investigation circulated Petersen on local and international border movement control in April 2019, as a person of interest on fraud related matter. Petersen was arrested on Monday 3 February 2020, at OR Tambo International Airport after landing from Democratic Republic of Congo (DRC) following his circulation and flagging by authorities.

South Africa Today – South Africa News

SOURCESouth African Police Service