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Two suspects remanded in custody for investment scheme

NORTHERN CAPE – Siyanda Khumalo (26) and Sandile Masingo (44), briefly appeared in the Kuruman Magistrate court yesterday for alleged fraud and operating an illegal investment scheme.

Information was received regarding suspects operating an illegal investment scheme in Kuruman, whereby community members were defrauded an estimated amount of R231 500-00.

Both suspects were arrested on Tuesday by the Local Crime Prevention and the case docket has been handed over to the Hawks Serious Commercial Crime Investigation team for further investigation.

The case against the two suspects is postponed to 22 February 2021 for formal bail application.

 

Source: South African Police Service

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