Captain Siyaza Patrick Siyale and Wilfred Arno Mentoor have pleaded not guilty to charges of corruption, theft and defeating the ends of justice.
Siyale has also pleaded not guilty to two counts of extortion.
The case revolves around Siyale's alleged victim, Nicodemus Moeng, Cape Town president of the French SA Chamber of Commerce and Industries, who was innocently caught up in a so-called Black Dollar scam.
According to the charge sheet, Congolese businessman David Kilato approached Moeng to become involved in Kilato's investment business.
Kilato claimed to be the only son of an assassinated DRC army general. He told Moeng he feared for his own life and wanted a partner in South Africa to assist in "migrating" his business to South Africa.
Moeng fell for the scam, and lost about R300 000 that Kilato supposedly needed to transfer money to South Africa.