Pastor charged with fraud after congregants who invested in his company lose millions

Johannesburg - Pastor Seth Malefetsane Radebe who appeared in the Kroonstad Magistrates’ Court on fraud charges on Tuesday, has been released on R10 000 bail.

The Hawks arrested the 47-year-old pastor for fraud after some of his congregants allegedly lost millions of rands they had invested in his company.Free State Hawks spokesperson Captain Christopher Singo, said the victims allege that Pastor Radebe of Sanctuary Haven, convinced them in 2013 to invest in his company, Sanctuary Haven Properties.

Singo said the victims were promised lucrative returns after a year of investing. Unfortunately, he said, they never received a cent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IOL /  🏆 46. in ZA

I blame the victims they shall Learn next time

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hawks nab 13 Mogalakwena municipality officials and company directorsThe Hawks' Captain Matimba Maluleke said the municipality had lost over R15 million. Why isn't it under administration?
Read more »