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