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.
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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. 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.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
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. 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.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: TimesLIVE - 🏆 28. / 59 Read more »