A LEADING KwaZulu-Natal businesswoman has been arrested for allegedly defrauding banking institutions and the community of Phoenix, north of Durban, of million of rands.
Dhanalutchmee Moonsamy, 50, also known as Julie, learnt the hard way this week that corruption does not pay when she was arrested on multiple counts of fraud and theft.
The police suspect that the money involved amounts to more than R9million.
Moonsamy appeared briefly in the Verulam magistrate's court on Tuesday and the case was postponed to February 11, pending a formal bail application.
Captain Thulani Zwane said Moonsamy had posed as an employee of a wellknown bank and lured a number of people into investing their life savings. She also lured others to obtain home loans.
"She would then deposit these people's money into the account of Nedca Investments. The interest would not be paid to clients nor would they receive the capital amounts they invested.
"She would also apply for loans on behalf of unemployed persons by presenting fraudulent documents to banks. Once the loans were obtained the money would be deposited into Nedca Investments' account and clients would be forced to pay the loans back to the banks," Zwane said.
He said a number of people had submitted sworn statements claiming they had fallen prey to Moonsamy, who had lured them with promises of lucrative returns.
Zwane urged people who might have been defrauded to come forward and submit sworn statements. Victims can also contact Detective Muntu Mbhele at the organised crime offices at 136 Victoria Embarkment in Durban or on 072-251-6182 or 082-556-9393.
Businesswoman held over swindling banks, community
A LEADING KwaZulu-Natal businesswoman has been arrested for allegedly defrauding banking institutions and the community of Phoenix, north of Durban, of million of rands.
Dhanalutchmee Moonsamy, 50, also known as Julie, learnt the hard way this week that corruption does not pay when she was arrested on multiple counts of fraud and theft.
The police suspect that the money involved amounts to more than R9million.
Moonsamy appeared briefly in the Verulam magistrate's court on Tuesday and the case was postponed to February 11, pending a formal bail application.
Captain Thulani Zwane said Moonsamy had posed as an employee of a wellknown bank and lured a number of people into investing their life savings. She also lured others to obtain home loans.
"She would then deposit these people's money into the account of Nedca Investments. The interest would not be paid to clients nor would they receive the capital amounts they invested.
"She would also apply for loans on behalf of unemployed persons by presenting fraudulent documents to banks. Once the loans were obtained the money would be deposited into Nedca Investments' account and clients would be forced to pay the loans back to the banks," Zwane said.
He said a number of people had submitted sworn statements claiming they had fallen prey to Moonsamy, who had lured them with promises of lucrative returns.
Zwane urged people who might have been defrauded to come forward and submit sworn statements. Victims can also contact Detective Muntu Mbhele at the organised crime offices at 136 Victoria Embarkment in Durban or on 072-251-6182 or 082-556-9393.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos