Publications
Partners
Self-proclaimed youngest millionaire Sandile Shezi says he does not have the R1.2 million that he owes to a retired principal and has offered to pay him R10 000 a week instead.
This week, the troubled businessperson claimed to be a pauper and asked the Sandton police officers who are investing a case of fraud against him to plead for mercy from his alleged victim so they will accept R10 000 weekly payments to service his debt. The principal has, however, rejected the offer, calling it “laughable”.
In an email sent to the principal, which City Press has seen, Shezi said he was struggling financially.
On Thursday, he made the first payment.
“I have attached proof of payment to this email. I acknowledge that it’s not much, however, I will be making another payment to you shortly. Due to my financial circumstances at this moment, it’s virtually impossible to make a huge lump sum payment."
Shezi wrote:
The pensioner was allegedly defrauded of R1.2 million from his pension payout after he was lured to invest in Shezi’s company, Global Forex Institute, after he met the embattled businessperson at one of his business seminars at Meropa Casino in Limpopo.
The principal opened a case of fraud against Shezi, which is currently being investigated by the Sandton police.
READ: The nurse activist who is unafraid to speak out against corruption
Speaking to City Press on Friday, the Limpopo-based principal said he wanted Shezi to stop treating him like a joke.
“How on earth do you justify paying R10 000 a week towards a R1.2 million debt which you owe? How long is it even going to take him to finish paying me at this rate? Ten years?” the principal fumed.
He hoped that law enforcement would protect his interests and not take Shezi’s side.
The principal said:
By the time of going to print, Shezi had not replied to questions sent to him.
READ: Troubled businessman Shezi slapped with another R1 million case
Last month, a case of fraud was withdrawn against him in the Wynberg Magistrates’ Court after he made payments to two other victims of his, Alan Ledwaba and Angela Mabena, to whom he owed R700 000, in exchange for their dropping of their respective cases against him.
Shezi made his claim to fame by boasting of his material gains and stating that he was the youngest self-made millionaire in South Africa, thanks to money the he claimed to have made from forex trading.
