Africa News of Thursday, 21 October 2021
Source: www.bbc.com
Sandile Shezi: South Africa 'youngest millionaire' arrested for alleged fraud
23-year old Sandile Shezi wey dey call himself South African youngest millionaire
23-year old Sandile Shezi who touts himself as South Africa's youngest millionaire has been arrested by police.
Gauteng police spokesperson Mavela Masondo said Shezi handed himsef over in the presence of his lawyers on Wednesday.
They have since charged him with fraud, an accusation he has denied.
"I can confirm that we [police] have arrested him. He will appear before a Randburg magistrate court tomorrow [Thursday] on charges of fraud," the spokesperson said.
Shezi, a native of Durban, faces charges of allegedly defrauding his business partner and shareholder for his business Global Forex Institute [GFI] out of R500,000 (approximately $34,264).
The police had issued a warrant of arrest earlier this month for Shezi, who reportedly is the country's "youngest millionaire."
Who be Sandile Shezi?
Sandile Innocent Shezi wey be self-professed 'young millionaire' na South African businessman wey dey into Forex trading.
Im passion for trading according to am "start at very tender age wen im bin dey save money from friends to trade".
Di young South African na major shareholder for im business Global Forex Institute wey dey train pipo to set up dia own trading platforms.
According to am, di GFI aim to create environment wey go provide financial freedom.
Im also dey run foundation wey dey known as di Sandile Shezi Foundation and im get more than 207,000 followers for Instagram.
