Shauwn still two Royces short

2013-08-03 00:00

BY late yesterday, Durban tycoon Shauwn Mpisane and her husband, S’bu Mpisane, had still not paid another R9,55 million to secure the release of two Rolls-Royce vehicles.

On Thursday, the couple paid over R5,63 million to a court-appointed curator, Trevor White, for the return of seven of their luxury vehicles seized by the Asset Forfeiture Unit (AFU) eight months ago.

They were a Porsche Cayenne, Porsche Panamera, Ferrari Scaglietti, Hummer, Maserati, BMW and Dodge Ram.

The vehicles, as well as properties and household contents, were seized after the Pietermaritzburg high court granted a preservation order for the AFU to seize assets totalling R70 million pending the outcome of fraud and corruption charges.

The charges relate to allegations that Shauwn, using Zikhulise Cleaning, Maintenance and Transport, submitted false documents to the Construction Industry Development Board and the Department of Public Works to boost gradings.

White said yesterday that Shauwn approached him in his capacity as curator bonis. “She then paid R5,63 million at about 5.30 pm on Thursday and secured the release of seven vehicles,” said White.

The two Rolls-Royces were not released because she did not make the required money available, he said.

“These vehicles will be released as soon as she pays the money, which was expected to be [on Friday], but, so far, the funds have not been paid.”

White explained that the swopping of one restrained asset (cars) for another unrestrained asset (cash) of equal value had no impact on the current cases before court.

“The restraint order currently in place requires assets to a value of R70,5 million to be restrained. Whether this takes the form of physical assets or cash is of no consequence.”

The Mpisanes are awaiting the judgment on the legality of the restraining order.

Shauwn’s attorney, Themba Mjoli, yesterday declined to comment.

“The matter is still sub judice,” he Mjoli said. “We are waiting for the court judgment.”

Shauwn must still stand trial in September for alleged tax fraud.

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