WESTERN CAPE – Mlondolosi Patrick Maseti (47), a Director of Zwelonke Burial Services, appeared in the Specialised Serious Commercial Crimes Court in Bellville for sentencing on the 23 July 2021.
This comes after his arrest by the Hawks Serious Commercial Crimes investigation team on 08 February this year. It is reported that over the period between 2015 to 2018,Maseti solicited payments from multiple individuals to the value that surpasses R2.3 million in respect of funeral insurance covers offered to the public.
Maseti, a businessman based in Khayelitsha, utilised his business called “Zwelonke Burial Service (Pty) Ltd” as a financial service provider without the required documentation, therefore contravening the Financial Advisory and Intermediary Service Act.
He was subsequently sentenced to three years Correctional Supervision in terms of the Criminal Procedure Act 51 of 1977. A further five years imprisonment wholly suspended for five years was handed on him with stringent conditions.
The Acting Provincial Head of the Directorate for Priority Crime Investigation (Hawks) in the Western Cape, Brigadier Mushavhaduvha Ramovha welcomed the sentence. He further warned the public to be vigilant and jealously guard their finances against unscrupulous people, ensuring that the entities they conduct business transactions with are operating legally.