Former Kaizer Chiefs public relations officer Louis “Sprinter” Tshakoane, his wife Suzan Tshakoane, and son Louis Tshakoane jr have been remanded in custody on fraud charges.
Tshakoane, 74, his wife, 59, and son, 34, appeared at Palm Ridge Specialised Commercial Crimes Court, Johannesburg, yesterday for running an investment scheme dubbed “Undercover Billionaires” worth R100 million.
The trio will appear again in the same court on May 23 for a formal bail application.
They are facing charges of fraud, theft, money laundering and contravention of the Financial Advisory and Intermediary Services Act.
The father was arrested after speaking at the funeral of Mamelodi Sundowns FC PRO Alex “Goldfingers” Shakoane in Mamelodi, east of Pretoria, on Tuesday following the execution of a warrant of arrest by the Hawks’ Serious Commercial Crime Investigation…