Major fraud case in Western Cape: Trio linked to R300 million scheme appear in court
Three suspects linked to a R300 million fraud case in the Western Cape appeared in the Vredenburg Magistrate's Court and were granted bail of R10,000 each.
Benjamin Burger Lubbe, 85, Nicolaas Jacobus Latsky, 77, and Petrus Van Eeden Marais, 64, face charges of fraud, as well as violations of the Financial Markets Act and the Companies Act.
They were arrested by the Directorate for Priority Crime Investigation (Hawks) and the Serious Commercial Crime Investigation team based in Bellville.
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