34-year-old Gerhard Niewoudt Olivier flight from the Serious Commercial Crime Investigation has come to an abrupt end when he was arrested on the morning of 5 March 2020, in Cape Town for fraud and has subsequently appeared in the Malmesbury District court.
Olivier is alleged to have siphoned almost R18.4 million from unsuspecting victims in a farm investment scheme as far back as 2010.
He allegedly swindled various potential investors to purchase farm equipment and feed in return for a fee. He is also accused of deceiving members of a farming co-operation by falsely representing himself as a wealthy farm owner and promising to provide them with farming resources.
Olivier appeared in court and was granted R50 000-00 with stringent bail conditions.
The case has been postponed to 9 April 2020 when he will be appearing in the Specialised Commercial Crimes Court. Any victims who might not have registered a case are asked to come forward. They can contact the Investigating Officers, Colonel Schiltz on 082 471 6756 or Warrant Officer Wynand Olivier on 071 481 3326.
South Africa Today – South Africa News
