ARREST IN FRAUD CASE IN EXCESS OF R500 MILLION (HALF A BILLION RAND):

In a joint IRS Forensic Investigations, SAPS Crime Intelligence Unit (head office), and Pretoria SAPS K-9 unit, a foreign suspect wanted in connection with a fraud in excess of R500 million known as Electio, was taken into custody this morning in a sting operation outside Pretoria.

The suspect will be held at a police station outside Pretoria before being transferred to the Johannesburg Specialised Commercial Crimes Unit.

You can read more about the Electio case at this link to newspaper article earlier this year:

https://www.iol.co.za/news/south-africa/gauteng/bank-denies-claims-of-negligence-in-suspected-r500m-fraud-12818891