Fraudster Pockets Over R2 Million After Creating Ghost Employees at Company in North West

A 49-year-old fraudster is expected to appear in the Potchefstroom Magistrates’ court after he allegedly pocketed over two million rand by creating ghost employees.

The man is facing charges of fraud and money laundering following his arrest in the early hours Wednesday morning in Johannesburg by the Serious Corruption Investigation in the North West.

It is understood that between 2019/2020, the suspect who was employed as general manager at a security company, approached area supervisors in the North West province to start recruiting ghost employees.

The police’s Katlego Mogale said the supervisors allegedly recruited about 56 ghost employees who were paid about R5,000 per month. 

“The fictitious employees reportedly received monthly salaries in their fictitious bank accounts, which were later reversed by the suspect and deposited into his personal account. The suspect allegedly received undue payments of approximately R2.1 million over a period of twelve months.”