Mpisane millions attached

2013-10-03 00:00

THE controversial and often flamboyant Mpisanes were dealt another severe financial blow when more of their assets (some held in a trust) and an amount of over R16 million were added to those already under curatorship yesterday.

The Durban high court, on behalf of the National Director of Public Prosecutions (NDPP), ordered that more properties and monies owned by Shauwn and Sbu Mpisane be added to the list of properties currently under a restraining order pending the finalisation of the criminal case against the business couple. This, according to court papers, was an agreement between the NDPP and the Mpisanes.

Listed in the court papers are properties held in the Mkhiphi Family Trust of which Shauwn and Sbu are named as the trustees.

These are listed as:

• a plot in Umhlanga Rocks,

• two plots in Zinkwazi Beach,

• a portion of plot 186 in Elysium,

• units consisting of sections 8 and 10 in Golden Beach and La Mercy,

• a Liberty Life retirement annuity builder 1 000 PP and Liberty Life Retirement annuity builder 2 000 RPRA, both held by Shauwn,

• Liberty Life investment builder 2 000 IB held by her husband Sbu,

• amounts of R6,8 million and R9,9 million in cash. These amounts were generated by Zikhulise Cleaning, Maintenance and Transport, a company owned by Shauwn.

The curator in the matter, Trevor White of PricewaterhouseCoopers, said a restraint order previously granted against the Mpisanes’ assets following a criminal charge that Shauwn had fraudulently obtained a certificate to bid for tenders, concerned assets valued at less than the R70 million required.

“The respondents consented that assets held under the Mkhiphi Family Trust can be added to the list of assets we have to make up for the shortfall.

“With the consent of the Mpisanes, it was agreed that more assets and monies can be attached. These will be held under curatorship until the criminal case is over.

“If they lose the case, these assets will be forfeited to the state,” said White.

Shauwn was arrested and released on R100 000 bail after it was alleged that she had obtained Construction Industry Development Board gradings fraudulently.

White said these gradings were a requirement to bid for tenders.

Mpisane is alleged to have won five Public Works Department tenders worth R140 million using these gradings.

The couple in August reportedly paid R5,6 million in cash to get some of their vehicles back after they were attached.

White said two Rolls-Royces were still under curatorship, and that the Mpisanes have to pay R9,5 million to get the cars back.

The court case continues.

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