The Durban Magistrate’s Court has sentenced Kevin Neil Lloyd on eight counts of fraud he committed in Ballito in 2009.
Forty-two-year-old Kevin Neil Lloyd was sentenced in the Durban Magistrate's Court on Tuesday.
Hawks spokesperson Captain Simphiwe Mhlongo said Lloyd processed fraudulent vehicle finance applications in 2009. The applications involved false payslips and addresses of the applicants. The applications were used to apply for vehicle finance in one of the car dealerships in Ballito. "The bank protocol and procedures were not complied with and purchase prices were inflated. As a result, eight luxury vehicles were purchased and the bank suffered a loss of R4 382 000," Mhlongo said.
He said a case of fraud was reported at Umhlali police station and the case docket was allocated to the Hawks’ Durban Serious Commercial Crime Investigation team for further investigation.
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