SAPS NEWS: CAPE TOWN BUSINESSMAN ARRESTED FOR R1,5-MILLION FRAUD
Media Statement from the Directorate for Priority Crime Investigation (HAWKS)
South African Police Service
PORT ELIZABETH – The next court appearance of Sayed Nadhir Mahuideen (53) before the Port Elizabeth Specialised Commercial Crimes Court for fraud, theft and money laundering amounting to R1,5 million, will be on the 5th of April 2019. Mahuideen, a Cape Town businessman, was arrested on Wednesday, 27 February 2019 in Port Elizabeth by the Serious Organised Crime Investigation Unit of the Hawks
after he handed himself over to the members. He appeared in court on the same day and was granted R2000 bail.
Mahuideen is the second suspect who has been arrested for this case. Mthuthuzeli Swartz (58), the former Passenger Rail Agency of South Africa (Prasa) acting Chief Executive, was arrested on the 22nd of January 2019 by the same unit.
The two are accused of defrauding a 41-year-old businessman in that they misrepresented themselves as having authority to sell a Transnet railway line between Elliot and Maclear.
Consequently, the 41-year-old businessman paid R1,5 million into the suspects’ bank account. However, the alleged victim never received the promised railway line in spite of the payment.
Swartz was also granted R2000 during his first court appearance on the 22nd of January 2019. He will join Mahuideen on the 5th of April 2019 in court.
Enquiries: Captain Anelisa Feni @ 082 303 9970