AFU attaches Mpisane assets
2013-02-06 13:11
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Johannesburg - The Asset Forfeiture Unit was on Wednesday morning attaching assets worth R140m from former Durban metro police officer Sibusiso Mpisane, the Hawks said.
"The AFU together with the Hawks are executing a court order now. The assets are deemed as proceeds of a crime," spokesperson Captain Paul Ramaloko said.
Mpisane allegedly misrepresented his construction company to the Construction Industry Development Board by submitting fraudulent gradings.
Mpisane became a millionaire after securing construction tenders to build low-cost government houses.
He won construction tenders worth R140m.
His wife, Shawn, who has been convicted of tax fraud, is on trial for tax evasion in the Durban Regional Court.
She is accused, among other things, of inflating invoices by more than R5m to cut her tax bill. She has pleaded not guilty.
- SAPA