PH
An attorney has been charged with money laundering in connection with an allegedly corrupt multimillion tender to mark police vehicles.
Reshay Ramsamy Naidoo appeared in the Pretoria Magistrate’s Court on Thursday where he was released on R5 000 bail. The State did not oppose his release on bail.
According to the State’s allegations, he represented Prinesh Naidoo – a man who is an accused in the tender saga. Prinesh was the director of a company called Imbobezi Enterprises, which was involved in the tender.
In August 2020, Prinesh paid R920 000 into Naidoo’s trust account and handed himself over to police on the same day.
Naidoo allegedly transferred the funds into his private bank accounts in small amounts and referenced the payments as fees. He allegedly withdrew the funds at a casino and used the money.
However, it is alleged that he later took out two loans for the amount so that he could replace it in his trust fund and pay it back into Imbobezi Enterprises’ account. He referenced this payment as a refund.
The State believes that this was done to prevent the money being frozen through a court order. It alleges that his actions constituted money laundering.
