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The accused, Abrie Jaco Burger (50), appeared before Bloemfontein Magistrates’ Court on Thursday , 18 November 2021, facing fraud and money laundering allegations.
Allegedly, from March2018-December 2018, Burger who purported as the co-owner of FinAfrica Loans in Bloemfontein approached and presented to victims an investment opportunity.
He promised high interest rates if the victims invested their money into FinAfrica Loans. It is reported that victims invested a total of R1 500 000 with the accused.
Captain Christopher Singo of Bloemfontein Hawks stated, “Victims received interests as promised, a free months into the investment. However, these monthly interest payments decreased as time went by, and later came to an end.”
Victims later seeked for legal representative and discovered that Burger no longer worked at FinAfrica Loans, and he never invested their money with the company.
“Victims reported the matter to Bloemfontein Hawks’ Serious Commercial Crime Investigation team for further investigation. The suspect handed himself over to authorities and subsequently charged,” added Captain Singo.
The court released Burger on a R5 000 bail and the case will continue on Thursday, 02 December 2021.
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