Latest news with #Mercedes-BenzG63AMG
India.com
4 days ago
- Automotive
- India.com
Meet man, who is owner of India's most expensive number plate, not Mukesh Ambani, Adani, Gautam Singhania, he is CEO of….
Millionaire tech CEO from Kerala had bought India's most expensive Rolls-Royce Ghost along with the most expensive registration number for his Lamborghini Urus. The CEO of Litmus7, Venu Gopalakrishnan has bought another luxury vehicle. It is Mercedes-Benz G63 AMG of Rs 4.2 crore. He shared the video of him taking delivery of his new luxury SUV with his family. In the video you can see the entrepreneur entering the delivery location in his Lamborghini Urus Performante, which has India's most expensive registration number. According to media reports he had paid Rs 47 lakh for the number 'KL 07 DG 0007'. He then waits at the gate, and when a Mercedes-Benz G63 AMG arrives. The video then shows this brand-new SUV when Gopalakrishnan is completing paperwork formalities. Then he, his parents, wife, and child, removes the cover and reveals the new G-Wagen. Mercedes-Benz G63 AMG For Mercedes-Benz G63 AMG, Venu Gopalakrishnan has taken the unique and classy shade of satin military green. It has gloss black for the alloy wheels, and the interior is finished in black leather. He has also added a seat entertainment package, which gives two screens for the passengers. It is a 4.0-liter twin-turbocharged V8 motor. It makes 585 bhp and 850 Nm of torque. Transmission duties are handled by a 9-speed DCT Venu Gopalakrishnan's Car Collection Rolls-Royce Ghost Series II Black Badge Venu Gopalakrishnan earlier drove India's first and most expensive Rolls-Royce Ghost Series II Black Badge for Rs 18 crore It has shades of Black Diamond and Gunmetal Grey. Lamborghini Huracan Sterrato He also owns Kochi's first Lamborghini Huracan Sterrato. This car is the more hardcore off-roader version of the Huracan. It has body claddings, raised suspension, an aluminum front underbody, reinforced sills, and roof-mounted air intakes.
IOL News
15-05-2025
- Business
- IOL News
NPA secures R32m preservation order in ongoing asbestos case
Free State high court grants Multi-Million Rand asset preservation order in Magashule asbestos case. Image: NPA and Oupa Mokoena The Free State High Court has granted the NPA a R32 million preservation order against Ace Magashule and others linked to the asbestos corruption and money laundering scheme. Included in the court order is a luxury Mercedes-Benz G63 AMG, allegedly purchased in cash for R2 million - a symbol of the lavish lifestyle funded by illicit gains. According to the NPA, the seized assets are believed to be the proceeds of a web of criminal activities, including theft, fraud, corruption, and money laundering, orchestrated at the expense of the Free State Department of Human Settlements (FSDHS). 'The involved individuals, companies, and trusts are alleged to have engaged in a complex web of financial flows, designed to strip the FSDHS of its much-needed resources," said NPA national spokesperson Mthunzi Mhaga. 'They were allegedly able to move the proceeds of crime through attorneys, real estate agencies, and high-end motor dealers.' The Asset Forfeiture Unit (AFU) has shown through financial flows that these properties were purchased with monies siphoned from the FSDHS, the statement read. "This preservation order follows a Restraint Order of R300 million granted to the unit by the High Court in September 2020. This was in respect of the same asbestos corruption and money laundering scheme. "The order will effectively put a freeze on and thwart any efforts to dissipate the very assets sought to be preserved." The NPA said this will provide for the subsequent forfeiture of these proceeds of crime to the state. Meanwhile, the NPA confirmed that various persons and entities are also criminally charged with multiple charges of fraud, theft, money laundering, corruption, contraventions of the PFMA, and contraventions of various sections of the Asbestos Regulations. Last month, businessman Edwin Sodi pleaded not guilty to charges of money laundering, fraud, and corruption in connection with the controversial R255 million Free State asbestos removal tender. Sodi, alongside former Free State Premier Magashule, are accused of orchestrating a scheme that diverted public funds intended for the removal of hazardous asbestos from homes in the province's poorest communities. The case, which has drawn significant national attention, involves 18 accused individuals and five companies. The R255 million contract was awarded in 2014 to a joint venture between Sodi's Blackhead Consulting and Diamond Hill Trading, owned by the late businessman Igo Mpambani. The State alleges that the contract was irregularly awarded, with kickbacks provided to some of the accused. Instead of effectively removing asbestos from about 30 000 homes, only R21 million worth of work was reportedly completed, with the remainder of the funds allegedly misappropriated. Both Magashule and Sodi have previously attempted to have the charges against them dismissed. In May 2023, the Supreme Court of Appeals dismissed their applications, stating that they had "no reasonable prospects of success" and that there was no compelling reason to hear their appeals. Cape Times
The South African
14-05-2025
- The South African
Bloem court rules on R32 million asbestos corruption scheme
On 13 March 2025, the Bloemfontein High Court made a ruling on properties linked to an asbestos corruption scheme. The court granted the National Prosecuting Authority's Asset Forfeiture Unit, together with Directorate for Priority Crimes Investigation, a Preservation Order. The order stated that six immovable properties valued at R32 million and a Mercedes-Benz G63 AMG worth R2 million, would be seized. 'The AFU believes the properties are proceeds of unlawful activities of theft, fraud, corruption and money laundering perpetuated against the Free State Department of Human Settlements', said NPA spokesperson, advocate Mthunzi Mhaga. All the alleged perpetrators have direct ties to the Free State Department of Human Settlements. They had access to monies during their time at the department. 'The involved individuals, companies and trusts are alleged to have engaged in a complex web of financial flows, designed to strip the FSDHS of its much-needed resources', Mhaga continued. According to Mhaga, the perpetrators were able to move the proceeds of crime through attorneys, real estate agencies and high-end motor dealers. He said the AFU has shown through financial flows that the assets were purchased directly with monies linked to the FSDHS. 'This preservation order follows a Restraint Order of R300-million granted to AFU by the Free State High Court – Bloemfontein in September 2020', said Mhaga. Mhaga emphasised, 'The preservation order will effectively put a freeze on and thwart any efforts to dissipate the very assets sought to be preserved. This will provide for the subsequent forfeiture of these proceeds of crime to the state'. Mhaga said various persons and entities have since been criminally charged with multiple charges of fraud, theft, money laundering and corruption. They were also charged with contraventions of the Public Finance Management Act. Additionally, they were charged with contraventions of various sections of the Asbestos Regulations. They are set to appear before the Bloemfontein High Court for trial on 15 April 2025. The NPA said pursuing legal action was an ongoing response to the State Capture Commission's recommendation. It was recommended that they recover monies siphoned through an unlawful contract linked to the Free State Asbestos Eradication Project. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
14-05-2025
- Business
- IOL News
Free State Asbestos Case: Court grants R32 million preservation order and seizure of Mercedes-Benz G63 AMG
The Free State High Court has granted the National Prosecuting Authority (NPA) a R32 million preservation order against Ace Magashule and others linked to the asbestos corruption and money laundering scheme. Included in the court order is a luxury Mercedes-Benz G63 AMG, allegedly purchased in cash for R2 million - a symbol of the lavish lifestyle funded by illicit gains. According to the NPA, the seized assets are believed to be the proceeds of a web of criminal activities, including theft, fraud, corruption, and money laundering, orchestrated at the expense of the Free State Department of Human Settlements (FSDHS). 'The involved individuals, companies, and trusts are alleged to have engaged in a complex web of financial flows, designed to strip the FSDHS of its much-needed resources," said NPA national spokesperson Mthunzi Mhaga. 'They were allegedly able to move the proceeds of crime through attorneys, real estate agencies, and high-end motor dealers.' The Asset Forfeiture Unit (AFU) has shown through financial flows that these properties were purchased with monies siphoned from the FSDHS, the statement read. "This preservation order follows a Restraint Order of R300 million granted to the unit by the High Court in September 2020. This was in respect of the same asbestos corruption and money laundering scheme. "The order will effectively put a freeze on and thwart any efforts to dissipate the very assets sought to be preserved." The NPA said this will provide for the subsequent forfeiture of these proceeds of crime to the state. Meanwhile, the NPA confirmed that various persons and entities are also criminally charged with multiple charges of fraud, theft, money laundering, corruption, contraventions of the PFMA, and contraventions of various sections of the Asbestos Regulations. IOL Politics
Yahoo
26-03-2025
- Business
- Yahoo
Appellate court denies bid by three individuals, company to reclaim RM3.2m in seized assets tied to ex-Johor exco member
PUTRAJAYA, March 26 — Three individuals and a company linked to former Johor executive council member Datuk Abdul Latif Bandi have failed in their bid to review the seizure of RM3.2 million in assets. A three-member Court of Appeal panel, chaired by Justice Hashim Hamzah, ruled that public policy requires finality in judgments and that reviews are only permitted in exceptional cases, such as breaches of natural justice or miscarriages of justice, according to a report published in Free Malaysia Today. The court found that the applicants were challenging the merits of a previous Court of Appeal decision, rather than raising a valid ground for review. The bench also included Justices Wong Kian Kheong and Noorin Badaruddin. The appeal stemmed from a ruling on July 17, 2024, when a separate Court of Appeal panel dismissed appeals from six individuals, including Latif, his son Ahmad Fauzan Hatim, real estate consultant Amir Shariffuddin Abd Raub, Mazita Mahmod, Hartini Jalani, and JLA Motorsports Sdn Bhd. During today's proceedings, lawyer Abdul Rahim Ali informed the court that Latif wished to withdraw from the case, while his son did not participate as an applicant. The prosecution was represented by deputy public prosecutors Wan Shaharuddin Wan Ladin, Zander Lim, and Asraf Tahir. The case dates back to May 2019, when the Sessions Court dismissed the prosecution's forfeiture application, ordering the return of the seized assets. However, the High Court overturned this ruling in December 2021, concluding that the properties were linked to illegal proceeds. The seized assets included 20 luxury vehicles, such as a Mercedes-Benz G63 AMG, Bentley Continental GT Coupe, Land Rover Sport, Nissan Skyline, Toyota Vellfire, Honda HRV, and a Harley-Davidson motorcycle, as well as branded watches, handbags, jewellery, and foreign currency in multiple denominations. In a separate case, Latif, his son Fauzan, and Amir Shariffuddin were acquitted of corruption and money laundering charges by the Johor Baru Sessions Court in 2022, a decision upheld by the High Court in 2023. While the prosecution dropped its appeal against Latif's acquittal, proceedings against Fauzan and Amir Shariffuddin are ongoing.
