One of the six accused of defrauding two banks of more than R6 million in luxury vehicles, has received a suspended sentence with an order to repay the banks, while his accomplices are still on trial. <\/p>\n\n\n\n
Hailing from Bloemfontein, they all stand accused of defrauding Standard Bank and West Bank in 2017 through false personal loans and vehicle finance applications. <\/p>\n\n\n\n
Chilleroy Floyed Buys (40) pleaded guilty to fraud and money laundering charges in the Bloemfontein Magistrate\u2019s Court on Wednesday (28\/09). <\/p>\n\n\n\n
He received 12 years\u2019 imprisonment, suspended for five years, and 12 months\u2019 correctional supervision. In addition, Buys was ordered to repay the two banks R300 000 through a monthly instalment of R5 000. <\/p>\n\n\n\n
The trial of his co-accused is set to continue on 19 October. They are Mosa Harington Tseleli (39), Simon Cornelius Botha (49), Glen Ceasar Crouch (34), Jolene Crouch (38) and Veronica Crouch (33). <\/p>\n\n\n\n
They were arrested in February, following an investigation by the Hawks\u2019 Serious Corruption Investigation team in Bloemfontein.<\/p>\n\n\n\n
Capt. Christopher Singo, provincial spokesperson for the Hawks, said the elite crime-fighting unit discovered that in 2017, Tseleli, who was an employee of Standard Bank, facilitated the process of completing fraudulent applications for vehicle finance and personal loans. <\/p>\n\n\n\n
These false applications saw the five going on a shopping spree, purchasing a BMW 220i, a BMW 320d, a BMW X-drive, two VW Golf GTIs, and a Mercedes-Benz coup\u00e9. <\/p>\n\n\n\n
Singo said the two banks suffered more than R6 million in losses.<\/p>\n","protected":false},"excerpt":{"rendered":"
One of the six accused of defrauding two banks of more than R6 million in luxury vehicles, has received a suspended sentence with an order to repay the banks, while his accomplices are still on 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