BUSINESSMAN SENSTENCED TO 8 YEARS IN PRISON FOR DEFRAUDING ABSA

Ockert Johannes Stephanus Fourie was granted leave to appeal his sentence.

The Oudtshoorn Magistrates’ court sentenced 57-year-old businessman, Ockert Johannes Stephanus Fourie, to eight years’ imprisonment for defrauding Absa Bank of almost R5 million, the Directorate for Priority Crime Investigation (the Hawks) said.

Hawks spokesperson Captain Lloyd Ramovha said Fourie, a sole director of Close Corporation, Sunprix Grape and Citrus Distribution, defrauded the bank of approximately R4 866 819.98. He was sentenced on Thursday.

He said that this occurred after he successfully transacted with the bank on previous occasions thereby gaining the bank’s trust resulting in the said transaction being approved without the requisite proof.

“The money was paid into his account with the understanding that he was due to receive about 597 535 Euros from overseas corporations, he had allegedly exported fruits to. He then used the amount and the bank never received the promised foreign currency. Fourie subsequently switched his business account to a different bank,” Ramovha said.

“Following investigations by the Serious Commercial Crime Unit of the Hawks, Fourie, was arrested in October 2014 and found guilty as charged in December 2016, he has been granted leave to appeal and is out on bail with stringent conditions pending the application’s outcome.”

 

– African News Agency/The Citizen

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