Gauteng attorney Solomon Slom has been accused of misappropriating R39 million from a client’s trust fund, leading to his arrest and court appearance.
The Hawks’ Serious Commercial Crime Investigation Unit launched an inquiry after a case was registered at Rosebank police station in February 2024, according to Captain Lloyd Ramovha, spokesperson for the Directorate for Priority Crime Investigation.
Slom, an attorney formerly associated with Fluxman Attorneys, was entrusted with managing a client’s trust account holding approximately R45 million. However, an internal audit by his business partner revealed that R39 million had allegedly been siphoned off through over 140 unauthorized transactions between January 2019 and January 2024. The funds were reportedly funneled into Slom’s personal bank accounts.
Following the discovery, Slom resigned immediately from the firm.
Slom recently appeared before the Palm Ridge Specialised Commercial Crimes Court, where he was granted R50,000 bail. His next court appearance is scheduled for September 12, where further details of the case will be disclosed.
Authorities continue to investigate the case, and additional legal action may follow.