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SA’s Youngest Millionaire, Sandile Shezi, Has Been Arrested For ‘Fraud’.

Izwelethu_News

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. 

Shezi, who has been accused of fraud, handed himself over in the presence of his lawyers on Wednesday, said Gauteng police spokesperson Capt Mavela Masondo.

“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.

References

https://www.google.com/amp/s/www.thesouthafrican.com/news/sandile-shezi-arrested-police-bitcoin-trader-fraud-youngest-millionaire-durban/amp

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Gauteng Mavela Masondo SA Sandile Shezi Sandton

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