Two nabbed for Guardian Fund alleged fraud of over R17 million

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Hawks members in Pietermaritzburg have arrested two people on charges of fraud and money laundering in connection with over R17 million that was allegedly transferred from the Department of Justice’s Guardian Fund in April last year.

The Guardian Fund is there to safeguard the funds of minors, people who cannot administer their funds and absent heirs.

KwaZulu-Natal Hawks Spokesperson Simphiwe Mhlongo says the funds were transferred to businesses.

The National Prosecuting Authority (NPA)’s Asset Forfeiture Unit has recovered R8 million.

Mhlongo says the suspects are to appear in court tomorrow, and more arrests are expected.