A fraud investigation in connection with a housing development in Mfuleni resulted to the arrest of four suspects on Thursday, 19 October, two of the suspects were City of Cape Town officials.
Police were assigned to investigate allegations of fraud after the City of Cape
Town made available plots for a housing development in Ext 2 in Mfuleni last
year.
Accused to the police spokesperson, Colonel Andrè Traut said two City of Cape
Town officials collaborated with two others to market these plots and with
their criminal scheme, they persuaded 11 buyers to deposit large sums of money
into a bank account, which shared with the two officials.
“This scheme resulted in a financial loss of R900 000 suffered by the victims
for real estate that they never received ownership of,” said Andrè Traut.
As the investigation unfolds, more arrests could be made.
Done by: Esona Mfazwe
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