Middelburg businessman Fofo Boy Makua (55) was arrested this morning and appeared in the Middelburg magistrates court.
Fotoboy Makua (55) a well-known businessman and owner of Foto Security Company National-wide was remanded in custody by the Middelburg Magistrate’s Court on Wednesday 05 May 2021 after he was arrested by members of the Hawks Serious Commercial Crime Investigation for fraud and Money laundering.
The Hawks investigation has linked Makua to Annica Van Staden (46), a real estate agent who was sought and arrested by the Hawks’ Serious Commercial Crime Investigation team at her hideout in Boksburg, Gauteng on Monday 26 April 2021. It has now been established that the pair were working together when selling the Reconstruction and Development Programme (RDP) houses without the knowledge of Tokologo and Rockdale based owners.
Read the articles on Annica van Staden First article here and second article here
The buyers allegedly paid money into Van Staden business trust account, trading as Housing First Eiendomme. As soon as the money was received into her account, it would be transferred to her private account, Makua’s account and others.
Read more on the Hawks HERE
Makua and Van Staden are expected back in court on Tuesday,11 May 2021. More arrests have not been ruled out as investigations continue.
