Jan 27, 2023

Mawazo Writing Africa

Writing about the main

Joburg car dealer charged for alleged R10.5m finance fraud on trade-ins

A Johannesburg car dealer has been arrested in connection with alleged car sales fraud worth more than R10 million.

The Hawks who arrested Michael Peter Griessel, 59, on Friday said he allegedly had it apart from potential buyers whose loan applications were turned down by financial institutions

Capt Yolisa Mgolodela, spokeswoman for the directorate, said Griessel allegedly worked with Johannes Willem Liebenberg, the sales manager at Ronnies Motors in Mthatha.

< "According to reports ... he manipulated the company systems to approve the rejected applications by falsely claiming that the customers had traded in some cars," Mgolodela said of applications, he would not inform the customers but the cars Handed over to Griessel without any money being deposited into Ronnie's escrow account.

“The vehicles would be sold at Griessel’s dealership and the duo would split the proceeds among themselves himself.”

Liebenberg w was arrested in December 2020 and is out on bail. The alleged crimes were committed between April 29, 2017 and June 31, 2017.

“The Hawks investigation uncovered a total of 40 vehicles sold in this way,” Mgolodela said. “Ronnies Motors was consequently discriminated against in cash worth more than R10.5 million.”

Griessel was released on bail of R30,000. He and Liebenberg will stand trial again on June 24.

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