Assets worth half a billion rand have been seized from a syndicate involving a senior government official who looted state funds from the Department of Transport in KwaZulu-Natal, according to a report by News24.
The National Prosecuting Authority confirmed on Friday that it had seized assets worth R543 328 962 from the property of the department’s Siphiwe Christopher Majola after he allegedly received millions in kickbacks from companies awarded tenders to repair provincial roads.
“The awarding of the tenders was preceded by several irregularities including the fraudulent circumvention of the department’s supply chain management processes and related prescripts,” said the report.
The matter is expected back in court in June 2017.
Among the R550 million worth of kickbacks included a luxury boat, several houses and cattle, while assets seized from Majola included:
- R430,650 for the purchase of a Mercedes Benz C280.
- R1,500,000 for the purchase of a farm
- R5,000,000 worth of cash payments towards the purchase of the farm
- R83,072 for a swimming pool
- R146,308 for architectural drawings of a house
- R224,800 for cattle feed
- Luxury boat
(Image Supplied to News24)
credit link: https://businesstech.co.za/news/wealth/169133/npa-seizes-r550-million-in-assets-from-corrupt-official-including-luxury-boat-and-a-farm-report/
