SIU gets order freezing businessman's R42m assets
The SIU and National Health Laboratory Service (NHLS) have obtained a Special Tribunal order to prohibit businessman Hamilton Ndlovu from disposing of his assets, valued at R42m, according to a News24 report.
Ndlovu is under investigation for allegedly colluding with NHLS procurement officials to secure PPE tenders.
It is alleged eight companies linked to Ndlovu irregularly obtained contracts worth R172m.
The Special Tribunal granted the order, pending a review application that the SIU and the NHLS want to bring forward to set aside the procurement transactions and make Ndlovu, and those who were recipients, pay back the money.
‘In terms of the order, Ndlovu, Zaisan Kaihatsu (Pty) Ltd and Bugatti Security Services and Projects, second and fourth respondents, respectively, are restrained, interdicted and prohibited from transferring any of the properties; and/or encumbering the property with a mortgage bond; and/or allowing the retention to be established over the property; and/or selling or leasing the property,’ the Special Tribunal said in a statement.
It has given Ndlovu 30 days to apply for a review.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
