Reginald Scholtz (57) was arrested on 12 March after he was charged for allegedly stealing from Botselo Mills (Pty) Ltd, where he was employed as the Group Financial Manager.

He allegedly transferred money into three accounts under the pretense of paying service providers.

He allegedly created forms requiring authorisation and approval for the release of funds to be paid by the company to service providers. His fraudulent way of manipulating the company’s financial system would eventually result in payments into his personal accounts. The Head of the Specialised Commercial Crimes Unit in the North West, Adv. Bongani Chauke, who is also representing the state on the matter, indicated that investigations are complete, and the state is ready to go for trial.

The Delareyville Magistrate’s Court postponed the case against Scholtz to 3 May for the state to submit all the documents related to this matter to his defense attorney, and for the matter to be transferred to the Specialised Commercial Crimes Court for trial.

He was granted R10 000 bail, and the court ordered him to surrender his passport to the investigating officer.

He was further instructed to report to his nearest police station every Monday between 06:00 and 18:00.

OFM News