LOBAMBA MP ARRESTED FOR E3 MILLION FRAUD

MBABANE – While his colleagues were discussing national issues in the House of Assembly yesterday, Lobamba Member of Parliament (MP) and businessman Michael Masilela was locked in a police cell.

The MP missed yesterday’s Parliament sitting and had to spend the night behind bars after he was arrested by Royal Swaziland Police (RSP) officers at his home yesterday morning.
Masilela was arrested and charged for alleged fraud in that he allegedly defrauded another businessman in a transport business joint venture money amounting to E3 million.

The MP’s business partner has been identified as a Masilela but the two are said not to be blood relatives. The police from the Fraud Unit are said to have arrested the outspoken legislator at around 7am yesterday and booked him at the Mbabane Police Station.
Dressed in black pants and a white and blue checked shirt, Masilela was found in his cell at around 4pm yesterday. The legislator is yet to make an appearance before court in relation to the charges levelled against him.

As such, he remains a suspect unless the court proves otherwise.
Masilela is alleged to have entered into a joint venture with the other businessman, who is said to be from the Hhohho Region, some few years ago. The deal, it has been alleged, was that they would contribute money for the purchase of buses and would then share the profits.

It is alleged that the businessman made two deposits into the agreed account for the proposed deal, with one being E1.7 million and another amounting to E1.3 million. However, it is alleged that things went sour when the businessman never received his share of the profits, something which caused disharmony between the two partners.

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: