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Lesotho, SA courts freeze assets in M700m clothing industry fraud case

Appeals have delayed the implementation of two forfeiture judgments handed down in May

CGM Group factory at Thetsane Industrial Area in Maseru. Photo: Sechaba Mokhethi.

Courts in Lesotho and South Africa have ordered the forfeiture of one property in Maseru, three properties in Ladybrand, and about R177,000 in cash.
But three months later, the judgments are yet to be implemented because the parties involved have lodged appeals.
The assets were allegedly bought with money diverted from CGM Group and its subsidiary Presitex — one of Lesotho’s largest clothing manufacturers — by former CEO Madhav Vassant Dalvi, his wife, Sushama, and associates.
Criminal charges against Dalvi and his co-accused are on hold pending their extradition from India, the UAE and South Africa.

The forfeiture of assets in Lesotho and South Africa bought with illicit…

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  2. An retired elderly couple visit London..

    They get picked up from the airport in a london black cab and head off into the city for some adventure.

    The cab driver say \”where you from guvnor?

    Husband. \”we\’re from South Africa\”..

    The wife is a little hard of hearing asks her husband.

    \”What did he say?\”

    The husband turns to his wife and says louder \”the cab driver asked us where we were from, I told him South Africa!\”

    The cabbie continues \”I was in the merchant navy years back… I got to drop anchor down your way, a few times in Johannesburg\”

    The husband replies \”oh wow that\’s where we\’re from originally, now we\’re in Cape Town.\”

    The wife asks the husband again \”what did he say?\”.

    The husband again relays the unheard conversation \”the cab driver says he spent some time in the navy and went down to joberg\”.

    The wife smiles and nods.