TerryPheto’s three-storey house has been attached, it was revealed on Friday, after the NPA’s Asset Forfeiture Unit (AFU) went to court to freeze various assets implicated in fraud involving millions in National Lotteries Commission grants. Moneyweb
Tsotsi and Bold and the Beautiful star Terry Pheto’s three-storey home was built using R3 million of lottery grant money meant for an “initiation programme”. The house has been attached, it was revealed on Friday, after the National Prosecuting Authority’s Asset Forfeiture Unit went to court to freeze various assets implicated in fraud involving millions in National Lotteries Commission grants. Pheto’s home money came from a R20.
Former Lottery exec’s pension frozen as corruption probe hots up Cabinet minister Fikile Mbalula and his wife initially made a R5.6 million cash offer for the home. But they dropped out and the house was then bought by Upbrand, with an associate of Mbula’s acting as the middleman, on identical terms to those that the couple had offered. The Bryanston homes are two of nine properties, including luxury houses and a farm, frozen after a secret application by the NPA was granted.
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