File
The National Prosecuting Authority said the former director of Fluxmans attorneys, Solomon Slom (81), appeared in the Johannesburg Specialised Commercial Crimes Court on Monday on charges of fraud involving R39 million.
Spokesperson, Phindi Mjonondwane, said these were allegedly committed between 2019 and 2024.
She said Slom, who was a representative of Fluxmans in an escrow agreement, allegedly withdrew funds from the account without authorisation and used them for personal benefit through 145 transactions.
“The Escrow Agreement was part of a Subscription Agreement between four parties, including Fluxmans Incorporated, with the accused representing Fluxmans.
“The funds were meant to be held in Fluxmans' trust account, called the Escrow account until the agreement's terms were fulfilled,” she said.
Mjononondwane said Slom however allegedly stole the money by submitting fictitious requisition forms.
“The fraud was discovered by Fluxmans after they were alerted by one of the parties in the Escrow Agreement, leading to a case being opened and investigations conducted by Captain Khubone.
The NPA said Slom was released on bail of R50,000 and is scheduled to appear in court again on 12 September.
