Machanik mansion to be auctioned

2011-06-20 12:47

The luxury home of fraud-accused property doyenne Wendy Machanik will go under the hammer next month, an auctioneer said today.

The multi-million-rand Sandton home would be auctioned in an urgent sale on July 15, Auction Alliance spokesperson Rob Baird said.

The luxury house, built in 2004, was designed by internationally-renowned architect Bridget Grosskopff.

“The superb home is situated on a double stand in a secure, gated complex and features four bedroom suites which surround an open atrium with water features.”

It had a glass-enclosed rim-flow pool, large entertainment area and walk-in cold room. The auction had aroused “considerable interest” from local and international buyers.

Machanik and chief financial officer of her company Wendy Machanik Property Holdings, Bruce Bernstein, currently stand accused of fraud totalling R28 million.

They allegedly transferred the money from Wendy Machanik Property Holdings to a fictitious account.

Machanik allegedly used this money to keep her company afloat, and for personal expenses.

She and Bernstein were out on bail of R25 000 and R5 000 respectively. They were expected back in the Johannesburg Specialised Commercial Crimes Court on July 21.

Join the conversation! 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. 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
Comments have been closed for this article.

Inside News24

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


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 network.


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.