Daily Dispatch

Life of luxury a

- By SIYA BOYA

YEARS of lavish living and high rolling – including investing in a top restaurant, gambling and buying designer jewellery, handbags and shoes – has caught up with an East London family accused of defrauding a local company of R70-million.

Henry Louis Fourie Schreuder has been accused by his employer – Floorworx Africa (Pty) Ltd – of “misappropr­iating” R70-million over a six-year period.

Schreuder allegedly spent the money on his wife Karin, his son, also Henry Schreuder, and gambling, among other things.

Credit card records included with documents filed in a civil case in the East London High Court last week show R140 000 was spent at Hemingways Casino from August 21 to September 20 2012.

Karin is said to be employed by the National Intelligen­ce Agency, while Henry is running top East London restaurant Le Petit, which the family bought earlier this year.

Floorworx has asked the courts to freeze all their accounts pending the civil case. In a founding affidavit, Christophe­r Povall a director at Floorworx Africa, said Schreuder had been with the company for 20 years and was currently a financial director.

“It has come to light that [Schreuder] has misappropr­iated approximat­ely R70million and deposited funds in two accounts under cover of payments to fictitious suppliers.”

Approached for comment at his upmarket Nahoon home on Wednesday, Schreuder invited a Dispatch team into the house before saying the matter was “all speculatio­n”.

Asked where his wife was, he said she was “at the shops”.

A BMW X5 was parked in the driveway and the home was decorated with expensive-looking boutique furniture. The dining room and lounge area upstairs had a large flatscreen TV mounted on the wall.

“This matter is still under investigat­ion. Speak to my attorney – he has got all the informatio­n,”

Newspapers in English

Newspapers from South Africa