Police apprehended the alleged fraudster after he was found in contempt of court after not honouring an appearance in early June
The Director of Mbhasi Trading is to appear in court on Wednesday,19 June 2024, after being arrested on a contempt of court charge.
Earlier this month, Mbhasobi Zulu and his lawyer were due in court for consultations on 4 June but failed to appear. An arrest warrant was issued for Zulu, who was arrested in Barberton on Tuesday,18 June. The 41-year-old’s most recent charge will be added to the 75 charges relating to alleged fraud and financial crimes committed between September 2020 and January 2021.Zulu is accused of defrauding investors in a profit-sharing scheme. His charges range from fraud to theft and money laundering, among others.“The victims deposited the money they did not benefit from the profit-sharing investment scheme. Instead, they lost their money,” confirmed Hawks spokesperson Captain Dineo Sekgotodi.
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