Hawks nab two accused of defrauding IDC of R35m
Two men who
allegedly defrauded the Industrial Development Corporation of R35 million have
been arrested.
Eusuf Fehaaz and David Larkan are accused of submitting a fraudulent audit report when applying for funding from the IDC.
The 42-year-old Fehaaz is the director of retail company Goldine (Pty) LTD while 58-year0old Larkan is his accountant.
The Hawks say an internal forensic analysis by the IDC discovered that the Durban based company did not possess the R10 million surplus in their business bank account as indicated in their audit report.
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The Hawks' Ndivhuwo Mulamu says the men appeared in court on Wednesday.
"The investigation team successfully circulated both of the accused on local and international border movement control system. They handed themselves over to the Hawks in Johannesburg, accompanied by their legal representatives.
“During their appearance in court they were granted a R10 000 bail respectively, where their case was also postponed to 27 June for a docket disclosure.”
