Fraud accused Mabaso to fight asset forfeiture

2009-07-08 00:00

INDIZA Infrastructure Solutions head Jabulani Mabaso, who faces R200 million fraud, corruption and money laundering charges in the regional court, will oppose moves by the state to take away his assets.

The National Director of Public Prosecutions obtained an order in the high court recently restraining Mabaso and Indiza Infrastructure Solutions from dealing in any way with a number of Mabaso’s assets, including valuable properties, luxury vehicles and just under R3 million in bank accounts.

These remain under the control of a curator appointed by the court, pending the outcome of the criminal case against Mabaso.

Mabaso and Indiza noted their intention to oppose the application in papers before the court. The case was adjourned by consent yesterday to August 11.

The properties include units at Cordwalles Gardens, Pietermaritzburg, Summer Haven in Durban, Le Domain at Hillcrest, Callaway at Mt Edgecombe and three others in Gauteng.

The court also authorised the attachment of five vehicles — an Isuzu double-cab, Alfa Romeo Spark, a Mercedes Benz SLK 350, a Volvo S40TT5 and an Audi Q7.

Mabaso is due to appear in the regional court in connection with his criminal trial next week. Mabaso, who was arrested last November, is on R1 million bail. He has been joined in the dock by former chief financial officer for the KZN Treasury and Education Department Pamela Bosman-Zulu, who was granted R30 000 bail last week.

The state alleges that Indiza, which was appointed by the Education Department in 2007 to manage the procurement and distribution of textbooks and stationery, committed fraud by overcharging to the tune of over R197 million.

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