The Hawks, who arrested Michael Peter Griessel, 59, on Friday, said he allegedly targeted potential buyers whose loan applications had been declined by financial institutions
Capt Yolisa Mgolodela, spokesperson for the directorate, said Griessel allegedly colluded with Johannes Willem Liebenberg, the sales manager at Ronnies Motors in Mthatha. “He reportedly ... manipulated the company systems in order to approve the declined applications by making misrepresentations that the clients had traded in some cars,” said Mgolodela.
The car dealership industry is one of the corrupt industry. There are sinister collusions with the banks that have been going on for years and the government is turning a blind eye
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Joburg car dealer charged for alleged R10.5m finance fraud on trade-insA Johannesburg car dealer has been arrested in connection with alleged car sale fraud amounting to more than R10m. I'm sharing this because this was exactly how i saw so many tweet about EmilyPatricia__and how she was helping individuals with their trades and i decided to give it a try and luckly it went well, Thank you ma'am 👇 EmilyPatricia__
Source: TimesLIVE - 🏆 28. / 59 Read more »