R1.7 million money launderer convicted, Lephalale

South African Police Service

R1.7 million money launderer convicted, Lephalale
R1.7 million money launderer convicted, Lephalale

A 25-year-old man who attempted to sneak into Botswana with more than R1.75 million has has been convicted for money laundering.

Nicholus Fouche was found with a load of cash hidden in the boot of his car on 7 August 2019, as he was was about to cross the border to Botswana. He was stopped by officials and duly asked if he had any things to declare, but a search revealed R1 750 000-00 in cash hidden in the boot.

He was arrested for contravening the Exchange Control Regulation, Customs and Excise Act. The Serious Commercial Crime Investigation team took over the investigation. Further investigations led to the arrest of the second suspect but charges against him were later withdrawn.

Fouche was granted R150 000-00 bail after making various court appearances.

The Lephalale Magistrate court convicted Fouche on Tuesday 11 August 2020, for money laundering. The case against Fouche was postponed until 15 September 2020 for sentencing.

SAPS Newsroom

South Africa Today – South Africa News

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.