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Accountant sentenced to 12 years for R60m investment fraud and money laundering

Accountant sentenced to 12 years for R60m investment fraud and money laundering

The Bellville Specialised Commercial Crimes Court has sentenced a 67-year-old accountant, Petrus Serdyn Louw, to 12 years’ imprisonment.
’’After extensive and laborious investigation’’, Louw was convicted of 49 counts of fraud, forgery and uttering, and money laundering involving R60.6 million, which resulted in the complainants, some of whom were elderly, losing all their life and pension…

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