Police arrest trio on R50 million motor vehicle application fraud


The South African Police Services (SAPS) announced on Wednesday that its Electronic Crime Unit of the Directorate for Priority Crime Investigation (DPCI), the Hawks, in conjunction with the banking industry, arrested three suspects for motor vehicle application fraud amounting to R50 million.

“The suspects, 33-year-old Adele Coetzee, her husband, 37-year-old Marius Coetzee, and his mother, 60-year-old Kitty Coetzee, were arrested in Brits in the North West during an operation held over the weekend of 5 to 7 September 2014. The operation originated in the Western Cape,” SAPS said in a statement.

“The suspects were involved in a vehicle-purchase scheme by applying for hire-purchase finance from banking institutions using fraudulent documents. Seventy fraudulent financing transactions were made to the banks between 2012 and 2014, which resulted in a loss of more than R50 million for the banking industry.”

SAPS further says that during the operation, the investigating team recovered 10 vehicles at a farm in the Brits vicinity where the Coetzees fled to from the Western Cape.

The Coetzees appeared in the Brits Regional Court on Monday, on more than 70 counts of fraud and the matter was postponed to 15 September when they will appear in the Malmesbury Regional Court in the jurisdiction area where the crimes were committed. Meanwhile the suspects remain in custody.

“Another 50 vehicles, which were purchased fraudulently, are still being sought,” SAPS said and appealed to people with information that may lead to the recovery of these vehicles or who wants to surrender the vehicle voluntarily to contact Colonel Mark Purchase of the Commercial Crime Unit of the DPCI in Cape Town on 082 850 9730.

Image: 3.bp.blogspot.com