Durban’s self-proclaimed richest under-30-year-old businessman, Prinasen Dhaver, was charged with fraud this week by the Directorate for Priority Crime Investigations (Hawks).
Dhaver, 29, is accused of running a ponzi scheme and handed himself over on Wednesday, shortly before he appeared in the Durban Commercial Crime court. He was released on R100 000 bail.
His passport was taken from him and his bail conditions state he is not allowed to make direct or indirect contact with any of the investors.
The Sunday Tribune reported last week that Dhaver would be investigated for allegedly running a ponzi scheme through his “profit-sharing” company, Innovatech International Solutions.
The businessman, who said his net worth was R49 million, claimed to sell millions of rands of petroleum products to countries around the world. He is not registered with the South African Reserve Bank or the Financial Services Board.
He has said he did not need to be registered. This week, he was found to be contravening the Banks Act of 1990………….
Full article and image here: Durban young ‘tycoon’ charged with fraud – Crime & Courts.
