DJ Zinhle's man is 'fraud' - Brendon Naidoo charged with multi-million corruption

DJ Zinhle's man is 'fraud' - Brendon Naidoo charged with multi-million corruption

The affected parties opened a case of fraud against Naidoo at Sandton police station on Friday.

Naidoo allegedly creamed up to R15-million from his accusers, claiming he was going to invest their cash in forex trade.

Rustenburg businessman Thapelo Tshepe said he transferred about R3-million into Naidoo's account in 2014.

"Naidoo approached me back in 2014 and told me we could make money with forex trading. He convinced me with bank statements and showed me how much profit he made from forex trading.

"Brendon sent me a picture of himself posing next to an Audi R8, claiming he had just bought it cash with the proceeds from forex trading. I was convinced and sent him another R1 million," he said.

Naidoo could not be reached for comment.

His lawyer Idemudia Uriesi said: "I'm aware of the allegations from Mr Tshepe but I cannot give you more details as I have to receive instructions from the client. I have not seen or heard from Naidoo in two days. I will speak to him when his phone is on again."

Naidoo allegedly used his company Oracle Wealth Management, which he runs from the luxurious Michelangelo hotel in Sandton.

Tshepe said he recruited retired teachers for Naidoo.

"I wanted them to invest their money wisely and Naidoo used to send me bank statements and proof of payments from his bank, and trading account showing the profit he made," he said.

Tshepe said when he wanted to withdraw his profits at a later stage, Naidoo could not give him the money.

Tshepe said he got suspicious and then took the bank statements that he used to receive from Naidoo to the banks and he was told they were fake.

Tshepe's business partner Tebogo Twala added: "This guy really scammed people. He scammed my friend and poor pensioners of their savings of many years . Now all the teachers we brought into this business have lost their money."

Hlaele Ntsane from Harrismith in the Free State expressed regret for "trusting Brendon with my money".

"He convinced me to give him all my pensions promising me profits. I received R280000 but my R1-million investment has vanished.

"I'm depressed. My 35 years of savings are gone and he now refers us to his lawyers."

Constable David Mothapo of Sandton police confirmed "a case of fraud has been opened against Mr Brendon Naidoo".

Sunday World