Travel firm accountant jailed for R17m theft
Cassandra Labuschagne entered into a plea and sentence agreement with the Cape Town Regional Court.
In a Cape Town courtroom, Cassandra Candice Labuschagne, a 42-year-old accountant, was sentenced to 15 years of direct imprisonment following her conviction on 134 counts of theft and money laundering. The travel company she worked for suffered significant financial losses, totaling R17,352,337 from January 2019 to June 2024.
According to the police spokesperson Ndakhe Gwala, Labuschagne allegedly created a fictitious platform on the company's banking site, granting her access to the company's banking system. She then registered her own company and made numerous payments to this company. The discrepancies in the company's financial records were detected during audits, leading to the opening of a case and the subsequent investigation by Detective Sergeant Arno Julian Cupido.
Subpoenas were issued for bank statements of 19 accounts used in the alleged criminal activities. Labuschagne was arrested on September 17, 2025, and remained in custody as bail was opposed. In addition to her prison sentence, she was declared unfit to possess a firearm under the Firearms Control Act.
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