EASTERN CAPE – The Financial and Assert Forfeiture Investigation (FAFI) unit of the Hawks has on Friday, 03 February 2017, recovered R2.2 million which was defrauded from the Amatole Water in East London.
The Amatole Water had contracted Malambo Construction to render services but before the money could be paid out, Amatole Water received what looked like a genuine correspondence from the service provider informing them of a change in banking details. Amatole Water then transferred an amount of R2.2 million to the newly provided bank account but were perplexed when representatives from Malambo Construction enquired about when their money would be paid.
It was then discovered that someone fraudulently changed Malambo Construction’s banking details without their consent, paving a way for Hawks’ investigations.
FAFI, in collaboration with the Financial Intelligence Centre (FIC) hit the ground running and traced the account. The money was recovered and now the manhunt has been instituted to locate the people behind the fraud.
