Louis Tshakoane's fraud case is postponed to next week

By Neo Poho

Following his arrest on Tuesday at the funeral of Mamelodi Sundowns' public relations officer, Alex Shakoane in Mamelodi, Pretoria, former Kaizer Chiefs public relations officer Louis Tshakoane and his co-accused's fraud case has been postponed to next week for a formal bail application.

Tshakoane along with his wife, Susan Tshakoane and his son, Louis Tshakoane junior have been charged with fraud, theft, money laundering and contravention of the Financial Advisory and Intermediary Services Act.

Tshakoane, along with his wife and son, appeared in the Palm Ridge Commercial Crimes Court on Wednesday the 17th of May 2023.

Gauteng Hawks spokesperson Colonel Katlego Mogale said the family allegedly benefitted from the proceeds of an unregistered investment company, called Undercover Billionaires.

"The accused are reported to have participated in the presentations aimed at enticing potential investors with a promise of high returns and the number of investments tendered is approximately R100 million,” Mogale added.

According to Mogale, Tshakoane junior was first arrested in 2019 and was released on R70 000 bail, the accused then made a series of appearances but later absconded hence the arrest was a result of a bench warrant for which he forfeited his bail.

The accused are expected to appear in court again on the 23rd of May 2023 for a bail application.

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Louis Tshakoane


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