Vehicle finance fraud syndicate, 14 suspects in court, Durban

South African Police Service

Vehicle finance fraud syndicate, 14 suspects in court, Durban
Vehicle finance fraud syndicate, 14 suspects in court, Durban

During 2017 and 2018, about 20 cases of motor finance applications were detected as fraudulent and were validated and approved by a bank employee. The modus operandi was to approach unemployed people and people who were desperate for money in order to get their Identity Document copies, conduct credit checks and process applications.

The instalments were not made to the bank and some of the vehicles were sold without the consent of the bank. Charges of fraud were opened at different police stations like Mayville, Point, Greenwood Park and Durban Central SAPS. The Provincial Commercial Crime Investigation Unit under the command of Colonel Makhosazane Ntuli took over the investigation.

After a lengthy investigation, the team embarked in an operation which started on Sunday 24 February 2019, until 25 February 2019. Their operation yielded fruitful results when a total of 14 suspects were arrested for fraud. They were arrested at different areas like Chatsworth, Phoenix and Montclair.

They are between the ages of 24 and 58. A total of 15 vehicles were confiscated from the suspects. The total value of the recovered vehicles is approximately 15 million. The recovered vehicles have been handed over to the bank. During the operation the team recovered a Toyota Hilux double cab. The vehicle was stolen at Durban Central area.

The suspects are appearing on 26 January 2019, in the Durban Magistrates’ Court on charges of fraud.

South Africa Today – South Africa News

SOURCESouth African Police Service