The 52-year-old is at present in custody after he was arrested within the early hours of Friday.
The accused, Zamile Nongogo does this unlawful act by creating fraudulent payslips for his shoppers for them to buy automobiles.
After his arrest, Nongogo appeared on the East London Justice of the Peace’s court docket on a cost of fraud on Monday.
Hawks spokesperson, Lwando Zenzile stated “Nongogo was arrested within the early hours on Friday morning, previous to his court docket look, following the probe by the Hawks’ severe business crime investigation group”.
“Nongogo allegedly helped car finance candidates by facilitating and creating false payslips for them to purchase automobiles in 2013.
“It’s additional alleged that these supporting paperwork have been submitted at a monetary establishment in East London.”
“Subsequently, a car price over R600,000 was accepted and efficiently bought after these paperwork have been verified telephonically with the alleged employers,” Zenzile stated.
Nongogo had his court docket case postponed until November 3.