Tribunal orders sale of Maumela's R9.5 million Ferrari linked to Tembisa Hospital corruption
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Summary
Tribunal orders sale of Maumela's R9.5 million Ferrari linked to Tembisa Hospital corruption. The investigation into the alleged Tembisa Hospital looting is ongoing. Bidding procedures were allegedly engineered to favour companies linked to the syndicate, while some businesses listed as bidders reportedly denied ever submitting quotations.
Furthermore, Although the curator initially argued that the Ferrari was rapidly losing value, the tribunal found that the evidence did not support that claim. Makgotho said the vehicles and properties were attached as part of the civil proceedings and that the preservation process was aimed at safeguarding assets while the matter was being litigated. The SIU has previously said its investigation traced a network of companies and assets allegedly linked to the “Maumela Syndicate”.
Cross-referenced from 3 sources.
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Tribunal orders sale of Maumela's R9.5 million Ferrari linked to Tembisa Hospital corruption.
reliability moderate2/2 sourcesThe investigation into the alleged Tembisa Hospital looting is ongoing.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
Bidding procedures were allegedly engineered to favour companies linked to the syndicate, while some businesses listed as bidders reportedly denied ever submitting quotations.
according to IOL (Independent Online)Although the curator initially argued that the Ferrari was rapidly losing value, the tribunal found that the evidence did not support that claim.
according to IOL (Independent Online)Makgotho said the vehicles and properties were attached as part of the civil proceedings and that the preservation process was aimed at safeguarding assets while the matter was being litigated.
according to Sowetan LiveThe SIU has previously said its investigation traced a network of companies and assets allegedly linked to the “Maumela Syndicate”.
according to Sowetan Live
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