Latest news with #BenjaminBurgerLubbe
IOL News
30-07-2025
- IOL News
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 have been granted bail, with their next court appearance set for November. 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.
IOL News
30-07-2025
- IOL News
New arrests in R300 million Western Cape fraud case: Three suspects appear in court
The trio appeared in the Vredenburg Magistrate's Court. Three suspects linked to a mammoth R300 million fraud case in the Western Cape appeared in the Vredenburg Magistrate's Court and were granted bail. Benjamin Burger Lubbe, 85, Nicolaas Jacobus Latsky, 77, and Petrus Van Eeden Marais, 64, have been charged with fraud, contravention of the Financial Markets Act, and contravention of the Companies Act. They were each granted bail of R10,000. The trio was arrested by members of the Directorate for Priority Crime Investigation (known as Hawks), the Serious Commercial Crime Investigation team based in Bellville.
News24
30-07-2025
- Business
- News24
Three more people arrested in R300m West Coast shareholder fraud case
Three more people have appeared in the Vredenburg Magistrate's Court in connection with a R300 million shareholder fraud case, bringing the total number of accused to 10. Hawks spokesperson Warrant Officer Zinzi Hani said the unit's Serious Commercial Crime Investigation team in Bellville arrested Benjamin Burger Lubbe, 85, Nicolaas Jacobus Latsky, 77, and Petrus Van Eeden Marais, 64, for fraud, contravention of the Financial Markets Act and contravention of the Companies Act. They appeared in the Vredenburg Magistrate's Court on Tuesday and were released on R10 000 bail each. They will join their seven co-accused, who were arrested in May. The seven are Jacobus Francois Pienaar, 69, Andries Johannes Frederick Eigelaar, 75, Carel Johannes Hendrik Mienie, 56, Carel Johannes Daniel Eigelaar, 70, Meiring Tarrant, 55, Minette Louw, 44, and Albert Johannes Marais, 68. Among them are three lawyers, two auditors, directors and senior officials of associated accused companies. The seven are out on bail of R10 000 each. The case dates back to 2006, when the accused - majority shareholders - allegedly defrauded minority shareholders by manipulating share prices, causing a loss of an estimated R300 million, Hani said. All ten accused will appear in court again on 21 November.
