Suspected crime boss Nafiz Modack, who is a co-defendant in an asset finance fraud case, has reached a plea and sentencing agreement with the state.
Reza van Oudtshoorn was convicted by Cape Town Magistrates’ Court on Friday The spokesman for Hawks, Col Katlego Mogale, said he admitted to preparing a financial report to enable Modack to deceive a bank.
“Van Oudtshoorn admitted that on or about March 3 June 2020, acted erroneously with intent to fraud and prepared financial statements for the year ended February 29, 2020 to the potential detriment of a complainant and filed them at Nafiz Modack’s request,” Mogale said.
” This was supposedly made for Empire Investment Cars. It is reported that the said financial statements are based on information provided by Nafiz Modack. They were later presented to the First National Bank in support of an asset finance application.”
Van Oudtshoorn pleaded guilty to one charge of fraud. He was sentenced to a fine of R10,000 or two years direct imprisonment. Another three-year sentence was suspended for five years.
Support independent journalism by subscribing to The Sunday Times. Only 20 R for the first month.