21 October 2021
Business partner and shareholder in Sandile Shezi's company is set to appear in court after reportedly defrauding the company of R500,000.
Forex trader Sandile Shezi became a millionaire at 23 years old, as a result of which he was able to enjoy a lifestyle of luxury.
As soon as he turned himself in to police in Sandton on Wednesday, he was arrested for fraud.
“I can confirm that he has been arrested. He will appear in Randburg magistrate’s court tomorrow [Thursday] on charges of fraud.”
In the case filed against Shezi, who hails from Durban, he is accused of allegedly defrauding his business partner and shareholder, Global Forex Institute [GFI], of R500,000.
A Forex trading training institute, GFI offers courses on setting up trading platforms on its website.
Shezi, who is reportedly South Africa's "youngest millionaire", has been served with an arrest warrant. The millionaire is known for showing off his Mercedes-Benz G-Wagon and Maserati during appearances.
In an interview with Times-Picayune this Sunday, the youngman denied all the allegations he is facing.
Content created and supplied by: Izwelethu_News (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More