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Montana runs out of luck: SIU freezes R16-million properties

The Special Tribunal has frozen two multi-million rand properties linked to former PRASA boss Lucky Montana

The Special Tribunal has frozen former PRASA boss Lucky Montana’s R13.5-million property in Johannesburg and his R2.25-million property in Pretoria. Archive photo: Ashraf Hendricks
The Special Investigating Unit (SIU) has obtained an interim preservation order from the Special Tribunal, “freezing” two multi-million rand properties linked to Lucky Montana, former boss of the Passenger Rail Agency of South Africa (PRASA).
The order by tribunal Judge Bernard Ngoepe stops Montana from selling, transferring, leasing or dealing with a R13.5-million property in Hurlingham, Johannesburg, and another R2.25-million property in Waterkloof, Pretoria.
The tribunal directed that the Registrar of Deeds endorse the title deeds.
The order on 8 July came on the back of an SIU investigation which showed how the properties were bought…

Read More: Montana runs out of luck: SIU freezes R16-million properties.

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  2. Fun South African Fact: South Africa is home to the highest commercial bungi jump in the world at 710 feet.