South Africa

Man confiscates Rand 25million from state as court slaps 3-year-old for money laundering

By Botho Molosankwe 16 min ago

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Johannesburg – A 29-year-old man who was found in possession of R25 million but did not say what it was used for or where it came from has been sentenced to 3 years in prison.

Raise Baig was arrested in 2017 but his case ended when he pleaded guilty on Wednesday to money laundering charges in Bloemfontein Regional Court.

He was slapped with an eight-year sentence, five of which were suspended for five years.

Baig confiscated the money for the benefit of the state.

According to Captain Christopher Singo of the Free State Hawks, they were informed that Baig and another person had the money on them on February 14, 2017.

Singo said the couple hired a car from Durban at Braam Fischer Airport in Bloemfontein. Although they had a passport with them, they could not prove whether or not they wanted to leave the country.

“The pair was found with both R 9 million and US $ 900,000 which they disregarded at the request of the authorities.”

Baig and his co-defendants were arrested. However, the latter was later released for lack of evidence.

Baig was later released on bail as investigations continued, but pleaded guilty on Wednesday.

“He was sentenced to 8 years’ imprisonment, including 5 years suspended on the condition that he was not found guilty of the same offense during the period of his suspension.

“He will serve 3 years of direct imprisonment. Baig was also fined 200,000 Rand, of which 100,000 Rand is suspended and the remaining 100,000 Rand must be paid immediately. The R25 million recovered was confiscated for the benefit of the state. “

Lt. Gen. Godfrey Lebeya, Chief of Hawks, welcomed the deal’s conclusion.

“I would like to congratulate the team of investigators and prosecutors for carrying out this case flawlessly. The confiscation of R25 million by the accused will send a clear message to those who work with him that crime does not pay, ”Lebeya said.

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Man confiscates Rand 25million from state as court slaps 3-year-old for money laundering

SourceMan confiscates Rand 25million from state as court slaps 3-year-old for money laundering

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