Years of lavish living and high rolling – including investing in a top restaurant, gambling and buying designer jewellery, handbags and shoes – has caught up with an East London family accused of defrauding a local company of R70-million.Henry Louis Fourie Schreuder has been accused by his employer – Floorworx Africa (Pty) Ltd – of “misappropriating” R70-million over a six-year period.
Court documents reveal other notable purchases/payments made by Schreuder this year include:
lA Rolex watch from Dennis Collins Jewellers on January 19 for R129855;
lA payment of R19855 to EL Wholesale Jewellers on January 22;
lR25000 to EL Wholesale Jewellers on February 2;
lTwo payments of R45000 and R10000 to EL Wholesale Jewellers and R30000 to Dennis Collins Jewellers, all on February 10; and
lR52995 to Browns Jewellers on May 11.
In October, he had allegedly made enquiries for a ring at Jenna Clifford Jewellers valued at R74410, which was later discounted to R55807.
By November 4 he had paid R35807 of the total amount.
Last week Judge Igna Stretch gave the family until January 12 to file papers indicating if they intended to oppose the application and give their version.
A criminal case has been opened at Scenery Park police station.
East London police spokesman Lieutenant-Colonel Mtati Tana confirmed the case but said the matter was being investigated by the Hawks. No response to questions had been received from the Hawks at the time of writing. — siyab@dispatch.co.za
Life of luxury a R70m fraud?
Henry Louis Fourie Schreuder has been accused by his employer – Floorworx Africa (Pty) Ltd – of “misappropriating” R70-million over a six-year period.
Court documents reveal other notable purchases/payments made by Schreuder this year include:
lA Rolex watch from Dennis Collins Jewellers on January 19 for R129855;
lA payment of R19855 to EL Wholesale Jewellers on January 22;
lR25000 to EL Wholesale Jewellers on February 2;
lTwo payments of R45000 and R10000 to EL Wholesale Jewellers and R30000 to Dennis Collins Jewellers, all on February 10; and
lR52995 to Browns Jewellers on May 11.
In October, he had allegedly made enquiries for a ring at Jenna Clifford Jewellers valued at R74410, which was later discounted to R55807.
By November 4 he had paid R35807 of the total amount.
Last week Judge Igna Stretch gave the family until January 12 to file papers indicating if they intended to oppose the application and give their version.
A criminal case has been opened at Scenery Park police station.
East London police spokesman Lieutenant-Colonel Mtati Tana confirmed the case but said the matter was being investigated by the Hawks. No response to questions had been received from the Hawks at the time of writing. — siyab@dispatch.co.za
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