New Direction Church pastor and director of Platinum Forex Groups, Colin Davids, 49, faces charges of fraud and contravention of the Financial Advisory and Intermediary Services Act (FAIS), for which he was allegedly not registered or license.
A report said R329m went into Davids’ accounts from over
2000 investors between 2009 to 2015.
National Prosecuting Authority’s Eric Ntabazalila says the matter was transferred to the Bellville Specialised Crime Court and postponed to 29 November.