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, Joburg and Cape Town.
Western Cape Commercial Crime Investigation detectives executed search warrants at two financial institutions in Strand on Thursday, resulting in the seizure of evidence related to alleged fraud, forgery and uttering, theft, and money laundering, police spokesperson FC van Wyk said.
“The searches yielded documentation relating to bond applications, financial statements, contracts, payslips and electronic devices ranging from laptops to cellphones and other IT equipment.
“The investigation is focused on irregularities found on perusal and analysis of home loan applications.
“In all 30 cases reported, the one financial group acted as the bond originators…