Couple jailed for R27m vehicle finance fraud

They were sentenced alongside an accomplice, Mariette Cupido. Hawks spokesperson Zinzi Hani said Adele was the “mastermind” behind the scheme while Cupido, who worked for a car dealership in Malmesbury, facilitated the deals.

“The trio was involved in a vehicle-purchase scheme by applying for hire-purchase finance from banking institutions using fraudulent documents which were submitted via a dealership in Malmesbury,” said Hani. “During the operation, the investigating team recovered 10 vehicles at a farm in the Brits vicinity to which the Coetzees fled from the Western Cape.

Adele was found guilty on 71 charges of fraud and was handed a 15-year jail sentence. Six years were suspended for five years.

Names please

The sentence is laughable

So what I want to know is, what did they do with all those cars? Resell them? Or…

This took a heck of a long time to be concluded!!! System is failing badly.

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Couple jailed for R27m vehicle finance fraudA Western Cape couple has been jailed for a vehicle financing swindle that resulted in a loss of more than R27m to the banking industry. Corruption doesn't have a color. There only in jail because they are white. The most corrupt people in SA are the whites
Source: TimesLIVE - 🏆 28. / 59 Read more »

Couple jailed for R27m vehicle finance fraudA Western Cape couple has been jailed for a vehicle financing swindle that resulted in a loss of more than R27m to the banking industry. Corruption doesn't have a color. There only in jail because they are white. The most corrupt people in SA are the whites
Source: TimesLIVE - 🏆 28. / 59 Read more »