Former Kaizer Chiefs PRO Arrested for Fraud: A Prominent Figure’s Downfall

Former Kaizer Chiefs PRO Arrested for Fraud: A Prominent Figure’s Downfall

…By Roland Peterson for TDPel Media.

Police Confirm Arrest of Well-Known Figure

Former Kaizer Chiefs Football Club Public Relations Officer (PRO), Louis Shakoane, is set to make his first court appearance tomorrow after being apprehended for fraud.

Advertisement

The South African Police Service (SAPS) has officially confirmed the arrest of the former Kaizer Chiefs official, although they have not disclosed his name.

Colonel Katlego Mogale, spokesperson for the police, revealed that a 74-year-old suspect was taken into custody on May 16, 2023, at a funeral in Mamelodi, Pretoria.

The arrest was made following the execution of a warrant in connection with an ongoing investigation into an unregistered investment scheme.

Alleged Involvement in Unregistered Investment Scheme

According to Colonel Mogale, Shakoane is accused of benefiting from the proceeds of an unregistered investment company known as Undercover Billionaires.

It is believed that he played a role in presenting enticing investment opportunities to potential investors, promising high returns.

The total investment amount is estimated to be approximately R100 million.

Advertisement

Family Ties: Shakoane’s Son Also Arrested

The arrest of Louis Shakoane’s son has added another layer to the unfolding story.

Reportedly, the 34-year-old was apprehended for fraud, theft, money laundering, and contravention of the Financial Advisory and Intermediary Services Act.

The arrest took place at a residence in Kempton Park.

Both father and son are scheduled to appear in the Palm Ridge Specialised Commercial Crimes Court on May 17, 2023.

Analysis:

This section provides information about the involvement of Louis Shakoane’s son in the alleged criminal activities.

The paragraph highlights the charges faced by the son and the location of his arrest, further intensifying the gravity of the situation for the Shakoane family.

From Football Figure to Infamy

Louis Shakoane’s history with Kaizer Chiefs Football Club is notable.

He became the club’s PRO in 1982 and earned recognition for his lively persona, often seen entertaining the crowd before games in a tracksuit.

Advertisement

Shakoane’s passionate dedication to the club led Chairman Kaizer Motaung to honor him with the 2017 Chairman’s Award.

Read More On The Topic On TDPel Media

About the Author:

Roland Peterson is a seasoned and experienced writer with over 10 years of experience in the field. He has a special interest in news and has been writing about current events for many years. When he’s not busy writing, Roland enjoys spending time in nature and can often be found exploring the great outdoors. He also loves to relax and unwind by sipping coffee at his favorite coffee shop (Manhattan Espresso) while brainstorming ideas for his next article on TDPel Media. Roland is a dedicated writer who is passionate about delivering informative and engaging content to his readers. He lives in New York, USA.

Share This Information
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Read Related News On TDPel Media

Advertisement
Advertisement: Download Vital Signs App (VS App)

Leave a Reply