The Hawks have arrested a financial manager of a Durban-based construction company, who is accused of colluding with his general manager to the tune of R7.5m.
Hawks KZN spokesperson Capt Simphiwe Mhlongo said Vinola Naidoo, 40, appeared in the Durban special commercial crime court on charges of fraud, corruption and money laundering on Wednesday.
It is alleged Naidoo and his general manager defrauded the company, Channel Construction, between January 1 2016 and January 1 2020 by falsifying payments. Fictitious payments were allegedly made to certain company creditors and the company suffered a financial loss of about R7.5m. A warrant of arrest has been issued for Naidoo's accomplice.
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