A 51-year-old man appeared in the Gqeberha magistrate’s court on Friday on allegations of asset finance fraud.
Jerome Booysen, 51, was arrested by the Gqeberha Serious Commercial Crime Investigation team of the Hawks in Parow in the Western Cape on Thursday.
It is alleged that on September 6 2019, Booysen visited Auto Traders in Gqeberha to purchase an Audi A3 and a Ford Ranger LDV.
He is reported to have submitted the necessary documentation needed for vehicle finance.
The documentation was then forwarded to Absa bank’s vehicle finance department and his application was accordingly approved.
Auto Traders subsequently delivered the two vehicles to Booysen.
According to provincial Hawks spokesperson Captain Yolisa Mgolodela, Booysen allegedly never honoured a single monthly instalment, which led the bank to try to trace him.
The bank then established that he had allegedly submitted fraudulent documents which led to the loan approval of more than R468,000, Mgolodela said.
He was eventually arrested at the Parow court, where he was appearing in an unrelated fraud case.
Booysen appeared briefly in the Gqeberha magistrate’s court on Friday morning and was remanded until Monday for a formal bail application.
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