Mabaso: Opposes AFU asset sale

2012-11-01 00:00

THE Asset Forfeiture Unit (AFU) is seeking to sell several properties belonging to fraud and corruption accused, Jabulani Mabaso, pending the finalisation of his criminal trial. Mabaso is also engaged in an ongoing battle with the AFU over the release of funds to pay for his defence.

Whilst the AFU has indicated its willingness to release funds to Mabaso for that purpose, the curator appointed to safeguard the assets currently under court restraint, claims that Mabaso has not met his obligations with regard to the properties in question which are deteriorating in value.

The curator is therefore seeking to sell the properties and invest the proceeds, pending finalisation of the matter.

Mabaso is opposing the application. The dispute was yesterday postponed for further argument in the Durban high court on December 5.

Mabaso and his co-accused, Pam Bosman-Zulu are due to stand trial from January 28 next year on charges involving fraud and corruption of around R200 million.

The case concerns the awarding of a tender by the KwaZulu-Natal Education Department to Mabaso’s former company, Indiza Infrastructure Solutions to supply books and stationary to schools in the province. The fraud was allegedly perpetrated over a two year period from 2005 to 2007.


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