The Asset Forfeiture Unit pounced on the assets of a corrupt Eskom employee in Gauteng.
A restraint order that secures assets was sought after Mosia Barnard Moraka and Victor Vilosi Tshabalala were convicted of fraud.The Asset Forfeiture Unit pounced on the assets of an corrupt Eskom employee in Gauteng on Tuesday.
The assets identified in the restraint order included immovable properties linked to two accused and 32 vehicles registered to Megra Transport CC.The restraint order that secures the assets of the accused was sought after Mosia Barnard Moraka and Victor Vilosi Tshabalala were convicted of fraud in the Specialised Commercial Crimes Court in the amount of R34.9m on September 15, 2021.
Both accused pleaded guilty to the charges and were convicted. They will appear in court on February 3, 2022 for sentencing proceedings, said Gauteng National Prosecuting Authority spokesperson Phindi Mjonondwane.“The AFU investigators proceeded to residential addresses in Roodepoort, Cosmo City and Springs to execute a provisional restraint order granted on November 9 by the Gauteng high court that restrained more than R11m in assets after an application by the AFU.
“Shortly after the restraint order was granted a further three agricultural holdings in Springs linked to a trust belonging to Tshabalala were found and are restrained. The total estimated value of these agricultural holdings is R1.8m and investigations are ongoing to trace further assets,” said Mjonondwane.Moraka colluded with Tshabalala to create fictitious invoices for the payment of a route not covered in terms of the agreement between Eskom and Megra Transport.
The AFU will proceed with an application to institute a confiscation inquiry aimed at the recovery of the stolen funds in terms of the provisions of chapter 5 of the Prevention of Organised Crime Act.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asset Forfeiture Unit targets ex-Eskom employeeThe Asset Forfeiture Unit pounced on the assets of a corrupt Eskom employee in Gauteng.
Read more »
Asset Forfeiture Unit targets ex-Eskom employeeThe Asset Forfeiture Unit pounced on the assets of a corrupt Eskom employee in Gauteng.
Read more »
Minimum emission standards will 'cost' Eskom thousands of megawattsEskom has applied for numerous postponements, many of which have been rejected.
Read more »
Uber mulls selling Didi stake amid ‘little Chinese transparency’Ride-hailing company also aims to sell shares in other non-strategic assets in tough market
Read more »
Alibaba employee fired after accusing boss of sexual assaultEmployee told the Dahe Daily the company terminated her for spreading false information about being raped
Read more »
Bank of England’s policy move catches traders off-guardThose who were caught out lost money, said two senior employees in London
Read more »