State Theatre employee in court for R24m money laundering
The former State Theatre employee and four accomplices aged 37, 38, 44 and 59 were arrested for money laundering dating from 2018.
A 41-year-old former South African State Theatre (SAST) employee is expected to appear in the Pretoria Specialised Commercial Crimes Court, alongside his accomplices for a case relating to money laundering.
STATE THEATRE EMPLOYEE APPREHENDED
The former State Theatre employee and four accomplices aged 37, 38, 44 and 59 were arrested yesterday, Tuesday, 12 December 2023, following an investigation by the National Serious Corruption Investigation team.
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The allegations in this matter relate to money laundering, fraud and theft that took place at the South African State Theatre which was reported on 4 November 2018.
It is alleged that two employees from SAST siphoned money for their own personal gain as they flouted the Supply Chain processes.
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ABOUT THE MONEY LAUNDERING SCHEME
It is reported that the two employees allegedly utilised letterheads of existing companies to create invoices without the knowledge of the actual companies but changed the banking details to those belonging to the suspects’ relatives, resulting in the total amount stolen of R24 million.
“All arrested suspects will appear in Pretoria Specialised Commercial Crimes Court on 13 December 2023 to face fraud, theft and money laundering charges,” the South African Police Service (SAPS) confirmed.
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CRIMESTOP: WHAT’S IT FOR?
Crimestop is something that many South Africans are familiar with, but it wasn’t always this way. The initiative was started in 2000, and has provided a way to report suspicious activity and crime for more than 20 years.
You should call Crimestop if:
- You are a victim of a crime,
- You are aware of a crime,
- You are a witness to a crime.
But many people don’t know that you can also call the same hotline if you’ve been a witness to suspicious activity. If you’ve seen something that you’d like to report, step one is calling the anonymous hotline.