2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • Gambling Addicted Durban Woman Defrauded Companies Out Of R16 Million

    15 Feb 2023 by Tayla in Crime, Lifestyle, Money, South Africa
    Related Posts
    • The Crime In Rondebosch Is Getting Intense
    • Hillsong Pastors Spending Spree 'Would Embarrass The Kardashians'
    • Things Are Escalating With That Girl Claiming To Be Madeleine McCann
    • A Centurion Bookkeeper Lived Lavish Life With Cars And Holidays Before Being Caught Defrauding Company
    • Father And Son Jailed For Fraud After Faking Crash Of 'Stolen' Car [Video]

    [imagesource: Nicholson Shipping]

    A woman from Bluff in Durban was charged with fraud totalling about R16 million and sentenced to nine years imprisonment yesterday.

    The 37-year-old had an atypical Valentine’s Day, admitting to struggling with a gambling addiction and using two companies to pay off her gambling debt.

    Cindy Saunders worked as an export controller at RenCorp CC, trading as Nicholson Shipping, and pleaded guilty to 45 counts of fraud in the Commercial Crime Court in Durban after stealing money from her employer and another company, SK Boyz (Pty) Ltd.

    Image: Screengrab / Carte Blanche

    She also brought someone else into the fold, Terrance Gonasekharan Raju – along with his companies, South Continent Logistics and Troy Trans – who has been charged as her co-accused.

    National Prosecuting Authority (NPA) regional spokesperson Natasha Ramkisson-Kara said Cindy and her co-accused defrauded SK Boyz by telling them that she needed a business partner to assist with financing the purchase of shipping containers from South Continent.

    She admitted to generating false invoices from her former employer for containers sold to another company as part of the fraudulent scheme.

    The duo apparently promised SK Boyz profits when the containers were sold:

    “Saunders said in her plea that at the time of the commission of the offences, she knew that her actions were fraudulent and solely for her personal financial gain and that of her co-accused.”

    The sentencing had taken into account her gambling addiction and the fact that she had tried to sort it out with professional intervention.

    Still, she was sentenced to nine years in prison.

    Hopefully, she doesn’t get into blackjack or another game of chance while behind bars.

    [source:iol]

    • ← Tanzania Bans Children’s Book ‘Diary Of A Wimpy Kid’
    • SPL!NG Movie Review: Moonage Daydream →
    • Tweet
    • Tags:
    • Cindy Saunders
    • Crime
    • defrauding
    • Fraud
    • fraudulent scheme
    • gambling addiction
    • stealing money

    Latest News

    • Politician And His Wife Found Guilty Of Organ Trafficking Plot

      [imagesource:unsplash] See, what did we say about politicians? After transporting an...

    • You Might As Well Check Out Bing’s New AI Image Generator – It’s Free And Fun

      [imagesource:bing] I asked Bing's new AI image generator feature to give me a picture o...

    • Supersport Commentator Makes Fun Of “The Okes”

      [imagesource:maxpixel] A Supersport commentator has sparked some discussion recently wh...

    • New Zealand Is Launching A $4 Million Campaign To Help Young Kiwis Get Over Breakups

      [imagesource:pexels] Breakups are hard for all ages, but it can very well feel like the...

    • 25 Injured As Wind Topples Microsoft Billionaire’s Boat

      [imagesource:flickr] Strong winds tipped a large ship belonging to billionaire Microsof...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo