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City Press reports that young flamboyant millionaire businessman, Sandile Shezi (29) is wanted by Sandton police after defrauding a Johannesburg businessman, Allan Ledwaba (27) of R500 000 in 2018.

A Limpopo Principal, 60, also told the newspaper that Shezi defrauded him of R1, 2 million, which was his pension payout which he invested after retiring in 2019.

Shezi became the youngest South African millionaire in 2018 when he was 23 through his forex trading company, Global Forex Institute.

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The Principal said Shezi used to send dividends at the end of every month, but stopped after a year. When the Principal asked to withdraw his funds, he said Shezi only paid him R100 000.

Shezi’s lawyer, Lloyd Moonean, told City Press that Ledwaba entered into a private contract that he did not adhere to. He explained that Ledwaba sold a car that he was given for company branding processes by Shezi and is. Now defaming him on social media.

Please read the full story in today’s City Press Newspaper – 20 October 2021.



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