The Free State High Court in Bloemfontein has granted a final forfeiture order for six luxury properties and a Mercedes-Benz G63 AMG, collectively valued at approximately R32 million, in connection with the irregular R230-million asbestos scandal.
The Free State High Court in Bloemfontein has granted a final forfeiture order for six luxury properties and a Mercedes-Benz G63 AMG, collectively valued at approximately R32 million, in connection with the irregular R230 million asbestos scandal.
The case stems from the 2014 asbestos roofing tender, where a joint venture between Diamond Hill Trading 71 and Blackhead Consulting was irregularly awarded a contract worth R255 million without proper procurement processes.
The court order, issued on Friday, found that the assets were proceeds of unlawful activities, including fraud, corruption, theft, violations of the Public Finance Management Act (PFMA), and money laundering.
The court also found that the properties and vehicle were “instrumentalities” used in money laundering offences tied to the controversial asbestos tender.
More to follow.
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