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Cape Town businessman back in PE court over alleged R1.5 million fraud

Apr 5, 2019
Cape Town businessman back in PE court over alleged R1.5 million fraud

Sayed Nadhir Mahuideen and former PRASA Acting CEO, Mthuthuzeli Swartz, allegedly defrauded another businessman of R1.5 million 

Port Elizabeth - A 53-year-old Cape Town businessman, Sayed Nadhir Mahuideen, is again expected in the Port Elizabeth Specialised Commercial Crimes Court for fraud, theft and money laundering amounting to R1.5 million.

He appeared in the same court in March when the case was postponed to the 5th of April 2019.

"Mahuideen was arrested on Wednesday in Port Elizabeth by the Serious Organised Crime Investigation unit of the Hawks after he handed himself over to the members," said Hawks spokesperson, Captain Anelisa Feni.

"He appeared in court on the same day and was granted R2 000 bail."

She said that Mahuideen is the second suspect, who has been arrested for this case.

R1.5 million fraud over a Transnet railway line between Elliot and Maclear

"Mthuthuzeli Swartz (58), the former Passenger Rail Agency of South Africa (Prasa) acting Chief Executive Officer, was arrested on the 22nd of January 2019 by the same unit," Capt Feni said.

"The two are accused of defrauding a 41-year-old businessman in that they misrepresented themselves as having authority to sell a Transnet railway line between Elliot and Maclear."

Captain Feni said that, consequently, the 41-year-old businessman paid R1.5 million into the suspects’ bank account.

"However, the alleged victim never received the promised railway line in spite of the payment," she said.

"Swartz was also granted R2 000 during his first court appearance on the 22nd of January 2019.

"He will join Mahuideen on the 5th of April 2019 in court."

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