2 days ago
From a Porsche to a Merc, Special Tribunal freezes R20m in assets linked to irregular Transnet contracts
From a Porsche 718 Boxster to a Mercedes-Benz V250d Avantgarde 3.2 T, Volkswagen Amarok, Toyota Hilux, Porsche Macan S Diesel and Mercedes-Benz C200, this is the list of luxury vehicles that are part of the R20.3m in assets linked to alleged irregular Transnet contracts frozen by the Special Tribunal.
The Special Investigating Unit (SIU) and Transnet obtained a preservation order from the Special Tribunal to freeze around R20.3m worth of movable and immovable properties.
These include luxury vehicles and high-value properties.
SIU spokesperson Kaizer Kganyago said the action is part of an investigation into three allegedly irregular contracts for property valuation services with Transnet SOC Limited.
He said the interim order follows an SIU investigation that uncovered significant alleged irregularities in the awarding of contracts.
The order interdicts MM Real Estate, Humphrey Tshepo Moyo, Neo Shown Matlala and any other party from selling, disposing, leasing, transferring, encumbering (including by granting rights of retention), transferring, donating or dealing in any manner whatsoever to the frozen properties pending the finalisation of civil proceedings.
The preserved items are the restrained properties linked to MM Real Estate, which include the Porsche 718 Boxster, a Mercedes-Benz V250d Avantgarde 3.2 T, a Volkswagen Amarok and a Toyota Hilux.
