Assets worth R32m seized from woman who ‘defrauded’ City of Cape Town

2014-08-25 15:27

The National Prosecuting Authority has seized assets worth about R31.8 million belonging to a Taiwanese woman who allegedly defrauded the City of Cape Town.

“The assets restrained involve about 14 immovable properties, four motor vehicles and money in 16 bank accounts of the defendant and her family relatives who benefited from the tenders, as set out in the application papers,” NPA spokesperson Nathi Mncube said.

He said the NPA’s Western Cape asset forfeiture unit obtained a restraint order on August 19, authorising it to seize the assets belonging to the woman, now a South African citizen, and entities owned by her five relatives.

Mncube said the matter involved three contracts valued at approximately R67.8 million the woman procured from the city through her business.

She allegedly defrauded the municipality by not disclosing that her business partner in the company awarded the tenders worked for the social development department. The tenders precluded applications in which state employees were involved.

“The state official involved in the business entity that tendered with the city was a coloured female employee of the department of social development,” Mncube said.

She was allegedly recruited to earn higher points in the tender bidding process, due to the provisions of the Preferential Procurement Policy Framework Act.

Mncube said a whistle-blower brought the matter to the city’s attention.

Forensic investigations by the city revealed the woman was not honest in her application papers for the tenders, when asked whether her company involved a state official.

Mncube said it was clear in the application forms that business entities employing state officials were precluded from tendering for contracts.

Mncube said a curator bonis had been appointed to take charge of the assets pending finalisation of the matter.

The woman and her company face fraud charges. The matter would be heard in the Bellville Specialised Commercial Crime Court when the asset forfeiture unit filed its application on September 26.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.