Assets linked to Lotteries scandal preserved

The Asset Forfeiture Unit (AFU) of the National Prosecuting Authority (NPA), together with the Special Investigating Unit (SIU), have secured a preservation order for some R6.5 million in four high-value properties, financial transfers, and a vehicle linked to the looting of funds at the National Lotteries Commission.

In a joint statement on Wednesday, the two law enforcement agencies said the order ensures that the assets are preserved until a forfeiture order is granted.

“This decisive action is part of an ongoing investigation into the unlawful use of NLC [National Lotteries Commission] grant allocations meant to support community development projects.

“This preservation is part of implementing the Anti-Corruption Strategy, which sees law enforcement agencies coming together to eradicate corruption in South Africa,” the statement read.

The preserved assets include:

   • Property in Ekurhuleni 
   • Property at Waterfront Estate in Tshwane 
   • An agricultural holding
   • Property at Makhado in Limpopo
   • 2016 Toyota Hilux

“The preservation order ensures that the identified assets remain secured and cannot be sold or otherwise disposed of while investigations continue. The SIU and AFU are working closely to expedite the legal process to recover the misappropriated funds and bring those involved in these fraudulent activities to justice.

“The AFU and SIU remain committed to protecting public funds and ensuring that those responsible for the misuse of grant allocations are held accountable. All the properties mentioned above represent the proceeds of unlawful activity as provided for in the Prevention of Organised Crime Act. 

“Once forfeited, the property will be sold at a public auction, and the NLC will be compensated for its losses,” the statement said. – SAnews.gov.za