COURT PRESERVES ALLEGED FRAUDSTER'S HOUSE

Photo: Moeketsi Ntshasa

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By: Neo Ntsele

A house valued at R2,9 million, which belongs to Moeketsi Ntshasa (28) of Integrated Investment, has been preserved.

The preservation order was granted by the Ladybrand Magistrates' Court.

An in-depth analysis of the movement of monies deposited by victims who had invested through forex trading pointed to a newly bought house in Ladybrand.

Known victims, who are based in different towns around South Africa, invested about R21 million.

Ntshasa and his partner, Phetogo Molosi (26), have already appeared in court several times.

Photo: Phetogo Molosi

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Free State Head of the Directorate for Priority Crime Investigation (Hawks), Major General Mokgadi Bokaba says cooperation between the National Prosecuting Authority (NPA) and the Hawks' Priority Crime Specialised Investigation (PCSI) is becoming stronger by the day.

The couple will be back in the Ladybrand Magistrates' Court from 15-19 July, facing numerous counts of charges including fraud, theft, and money laundering.