Africa-Press – Eswatini. A bold promise to turn a Gundvwini pensioner into a billionaire has landed a 36-year-old South African national behind bars, after he allegedly swindled the man out of E270 000 in a dramatic investment scam uncovered in Manzini.
The suspect was arrested in connection with a case of theft by false pretences following an incident that reportedly occurred on January 21, 2026, at around 1:00 PM in the Manzini area.
According to information gathered, the suspect allegedly convinced the 60-year-old victim that he could help him become a billionaire through a lucrative investment opportunity. It is alleged that the suspect arrived with a trunk purportedly filled with cash and claimed that a special chemical needed to be purchased to unlock or facilitate the promised financial returns.
Persuaded by the elaborate presentation and promises of significant gains, the victim handed over E270,000 at Manzini City Centre, trusting that the investment would yield extraordinary profits.
The matter resurfaced on February 22, 2026, when the suspect was reportedly spotted in the Fairview area by a friend of the victim who had been present when the money was handed over. Upon recognizing him, the friend raised the alarm, prompting members of the community to respond swiftly.
The suspect was apprehended and assaulted by members of the public before being handed over to police. The victim formally opened a case the same day, leading to the suspect being charged with theft by false pretences.
He is scheduled to appear before the Manzini Magistrates’ Court as the law takes its course.
Authorities have urged members of the public to refrain from acts of vigilantism and instead allow the justice system to handle criminal matters. The case serves as a strong reminder for citizens to remain cautious of investment schemes that promise unrealistic financial rewards.
Law enforcement agencies continue to intensify efforts aimed at dismantling criminal syndicates and protecting communities from financial exploitation.
