According to police credits, Brendon Naidoo was arrested Saturday and will be appearing in the Alexandra Magistrates’ Court tomorrow to face several fraud charges, police spokesperson Constable David Mothapo confirmed.
Brendon Naidoo allegedly ran a foreign exchange trading scheme that allowed people to invest millions of rands individually. One person claimed Naidoo told him he represented a large financial firm, while another said he had given him R2.5 million and had not seen a return on the cash.
The cases date back to at least 2014, with one businessman, Thapelo Tshepe, saying he transferred R3 million into Naidoo’s account. He admitted to Sunday World that he also recruited other people, many of them retired teachers, to give their money to Naidoo, thinking he was helping them.
Since news broke of Naidoo’s fraudulent scheme, DJ Zinhle has shown her support for her bae and has not wavered one bit, going as far as posting on Instagram to say she was happy with him.
Two sisters, who did not want to be named due to the “embarrassment they had caused their parents”, also opened two cases of fraud against Naidoo.
“Brendon convinced us that from investing our R1 million, we will make R500 000 in profit. We took our parents’ pension money and gave it to him, only to find out that he was a scamster,” said one.
How Brendon Naidoo Spent Money
The Sowetan has had a look at Oracle’s bank statements dating from December 2014 to September 2016 which show how Naidoo seemingly lived the high life primarily on the coffers of his ‘shady’ business dealing.
Prosecutor Jimmy Shongwe confirmed that Naidoo’s bank statements would form part of their evidence in court.
The 227-page dossier indicated the following
At least R3.4-million was allegedly deposited into the account in various amounts from different investors.
From it Naidoo apparently shifted funds of more than R1-million into his personal bank account.
He then allegedly used the company’s bank card to make various trips to Durban, Cape Town and one in Miami last year.
In a visit to Durban he allegedly bought clothes from Street Gear and AcaJoe worth R2 900, hired luxury vehicles for R22 620 in December 2014.
He also allegedly bought himself Louis Vuitton wear for R17200 a few months later.
In celebrating 2015 New Year’s, the he allegedly splashed R5000 on booze at Norman Goodfellows bottle store in Rivonia.
Two weeks later he splurged R3 000 at The Bank nightclub in Rosebank.
A month later he travelled to the luxurious Fairmont Zimbali Resort in KwaZulu-Natal where his stay allegedly cost him R14 308 with an additional bill of R1 300.
In April 2015 Naidoo allegedly booked himself into the Oyster Box Hotel in Durban where he paid R10 154 for his accommodation and spent R1 760 at the hotel’s bar.
He then returned to Johannesburg and spent R4 500 at The Bank Bar on 29 April and then another R2 000 the following day.
In two transactions in June 17, 2016, he allegedly spent allegedly R17 082 on booze at Hilbrow Liquor store.
He also apparently bought airtime worth R5 800 in 25 transactions while making several transfers to his family. Naidoo also splurged on florists and Uber last year.
Zinhle was directly linked to one transaction of R2 000 captured as “zinhle refund” he paid to her on July 21 last year.
On Monday, Naidoo’s case which was attended by his family had been postponed to next week for a bail application. He has been transferred to Johannesburg Central prison where he will remain until his next arraignment.
It was only a matter of time until word of Brendon’s arrest reached the ears of the controversial poet, and when it did, she wasted no time in shading him.
Wooooooo is dj zinhle gonna be doing weekend visits at Leeuwkop? 😯
— Imbongikazi yeSizwe (@ntsikimazwai) April 10, 2017
Despite all that’s currently happening to Brendon and all that he’s going through, DJ Zinhle remains unfazed, steadfast and made it clear that she’s still happy with her man.