Durban: A KwaZulu-Natal man convicted of vehicle fraud amounting to R4 382 000 has been sentenced to three years of correctional supervision and a R100 000 fine.
Kevin Neil Lloyd, 42, was convicted this week on eight counts of fraud in the Durban Magistrate’s Court.“Lloyd who was employed as an official in one of the banks in Durban processed fraudulent vehicle finance applications.“The applications were used to apply for vehicle finance in one of the car dealerships in Ballito. The bank protocol and procedures were not complied with and purchase prices were inflated.
“As a result, eight luxury vehicles were purchased and the bank suffered a loss of R4 382 000,” said Mhlongo. He said that a case of fraud was reported at Umhlali SAPS and the case docket was allocated to the Hawks’ Durban Serious Commercial Crime Investigation team for further investigation.“Lloyd was sentenced to R200 000 fine or five years imprisonment of which R100 000 or two years imprisonment which is suspended for five years on condition that he is not convicted of fraud or theft during the period of suspension.
“He was sentenced to three years correctional supervision and was declared unfit to possess a firearm.”
Definitely he is white.
He's white obviously
Lol how did they get on 'Not fit to possess a firearm'
Steal a loaf of bread off you go to prison, This sentence is actually scandalous
Shockingly lenient sentence 🤬🤬🤬
Bet he's white
Bet you he's ANC..