SIU freezes over R20M in assets linked to Transnet contracts
SIU spokesperson, Kaizer Kganyago
JOHANNESBURG - The Special Investigating Unit, working in collaboration with Transnet, has secured a preservation order to freeze more than R20-million worth of assets believed to be linked to irregular property valuation contracts.
Awarded between 2019 and 2022 the contracts are worth a combined R89-million.
The frozen assets include luxury vehicles such as Porsches and a Mercedes, as well as high-value properties in Johannesburg and Vanderbijlpark.
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