“The Special Investigating Unit (SIU) welcomes a preservation order from the High Court of South Africa, Gauteng Division, Pretoria to freeze nine luxury properties in Pretoria, Centurion, Hartbeespoort and Johannesburg, a BMW 420i and two ocean basket franchises in the East Rand with the combined value of approximately R25 million.
SIU investigations in the affairs of the National Lotteries Commission (NLC) had revealed that the acquisition of the properties was funded. by the Non-Profit Organisations (NPOs) with money they had received, under the auspices of grant funding, from the NLC.”
While the matter came as a surprise, it was this specific part which seemed to shock tweeps more as they looked for the humour in the matter as part of the thread read:
“...restrains: •Moitheri Pheto •Lesley Ramulifho •Collin Mukondeleli Tshisimba •Fulufhelo Promise Kharivhe •AO Residence Trust represented by Mashudu Shandukani •Rasemate Family Trust represented by Rebotile Malomane”
Terry Pheto loses more due to NLC corruption scandal
In an update by the SIU, it has confirmed that besides freezing her accounts and repossessing the multiple businesses Terry is believed to have invested in or started with the corruption money. The investigation unit is set to take even more.
But this time, they are hitting the actress where it will hurt even more as her luxury mansion is set to be auctioned.
The auction follows a preservation order granted by the High Court of South Africa, Gauteng Division, Pretoria, to the Asset Forfeiture Unit (AFU) and the Special Investigating Unit (SIU) on 4 November 2022 to freeze Pheto’s Bryanston home. pic.twitter.com/iexDTENxBg
— Special Investigating Unit (SIU) (@RSASIU) March 2, 2023
After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the AFU indicating that they will not contest the preservation order granted by the High Court.
The SIU was, in terms of Proclamation R32 of 2020, authorised by President Cyril Ramaphosa to investigate allegations of corruption and maladministration in the affairs of NLC and the conduct of NLC officials, and to recover any financial losses suffered by the State or NLC.
The auctioning of Pheto’s home is a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by State institutions and/or to prevent further losses.
Moreover, the auction has already started at the asking price of R3 million. This is as the investigation unit went on to share the link to the auction of her mansion below.
