Western Cape police arrested two people on Tuesday on charges of fraud for allegedly swindling thousands of retired pensioners of about R1.6m.
At least 40,000 retired SANDF members responded to a hoax and paid a R40 administration fee in the hopes of receiving a pension payment. File photo.
It is alleged that at least 40,000 retired members responded to the “colonel”, and as part of the application paid a R40 administration fee in the hopes of receiving the payout. “Based on the envisaged pension payouts, the 'colonel' managed to further obtain loans, in excess of R2m, with the promise to repay the loan when the funds were cleared in SA.”
Investigations led to the arrest of the two suspects, aged 62 and 63, who are expected to appear in the Paarl magistrate’s court on Thursday.
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