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 about R32 million, in connection with the R230 million irregular 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 about R32 million, in connection with the R230 million irregular 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 tender procedures.
The court order, issued on Friday, ruled 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 property and vehicle were ‘instruments’ used in money laundering crimes linked to the controversial asbestos tender.
More to follow.
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