Three suspects are facing allegations of fraud and forgery in a case involving an estimated R800 million.
Three men have been arrested in connection with an alleged fraud and forgery syndicate that is believed to have caused financial losses of about R800 million.
Antonio Iozzo, 49, Daniel Werner Roets, 43, and Abraham Johannes Van Rensburg, 56, appeared in the Palmridge Magistrate’s Court on Thursday following their arrests by the Hawks, Germiston Serious Commercial Crime Investigation Unit (SCCIU).
The Hawks said the arrests followed the execution of J50 warrants of arrest linking the trio to the alleged scheme.
According to the Directorate for Priority Crime Investigation, the suspects allegedly forged the signature of the complainant at residential and workplace premises in Brackenhurst.
