Nine suspects appeared in the Pretoria Magistrate’s Court, after being arrested across Gauteng on Thursday, for their alleged involvement in defrauding the City of Tshwane municipality of millions.
There are allegations that R53 million was extorted from the municipality after the system was apparently hacked in December 2019. The money was then shared across multiple bank accounts, including that of Ayakhula Trading.
Following the transaction, the former directors of the company, Mr Sithole and Mr Wegrostek, were taken into police custody.
“The Ayakhula Trading is also implicated in similar fraudulent act where an estimated R1 billion JSE Trustee account was targeted by this business syndicate, thanks to the Absa banker’s suspicions of irregularities. The alert action saw the National Task Team linking nine individuals to the attack on the municipality,” Colonel Katlego Mogale says.
The nine suspects, aged between 23 and 60, will be charged with fraud and corruption.
In addition to Sithole and Wegrostek, the suspects will appear in the Pretoria Special Commercial Crimes Court.