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Suspect arrested on charge of money laundering.
A 24-year-old man is expected to appear in the Cape Town Magistrates Court today, on charges of money laundering and theft to the tune of over R3 million after he received money from a deceased person’s estate.
He was arrested by the Hawks’ Serious Commercial Crime Investigation team on Thursday.
In October last year, the Hawks arrested Keshika Naidoo from Jadoo and Associates who allegedly had control over the deceased estate account. She allegedly defrauded the account with R3.9 million. Naidoo is currently out on bail.
Upon further investigation, the Hawks found that there were further payments made from the estate of the deceased to associates and other business entities currently under investigation.
This led the Hawks to the 24-year-old Wandile Hlongwana, who received payments of more than R 3.3 million from a late estate. He is believed to be the director of Hladi Logistics.
The Hawks spokesperson, Siyabulela Vukubi, says after the execution of a warrant, the suspect was arrested in Roodepoort and has since appeared in court last week Friday.
Hlongwana is charged alongside Naidoo who was in control of the estate. He says more arrests are imminent.
