DETECTIVES have seized evidence tied to alleged fraud, forgery, uttering, theft and prevention of organised crime regarding home loan applications.
The SAPS investigation continues into an alleged money laundering scheme operating between KwaZulu-Natal, Johannesburg and Cape Town.
Provincial detectives from the Western Cape Commercial Crime Investigation unit executed search warrants at two financial institutions in Strand on Thursday.
It resulted in the seizure of evidence related to alleged fraud, forgery and uttering, theft, the Prevention of Organised Crime Act 121/1998 Section 4 to 6 relating to money laundering as well as the Cyber Crimes Act 19/2020 Section 8 and 9 charges, police spokesperson FC van Wyk said.
“The searches, conducted at two financial institutions in Strand, yielded a significant amount of evidence, including documentation relating to bond applications, financial statements,…