The Special Investigating Unit (SIU) says it has obtained a court order to freeze two luxury properties belonging to former PRASA Group CEO Tshepo Lucky Montana. The SIU states that it traced the funds used to purchase the assets to transactions connected to a controversial PRASA contract valued at R5.6 billion. The SIU’s action is part of an investigation into allegations involving procurement or related irregularities tied to the R5.6 billion agreement. By securing the freezing order, the SIU seeks to prevent the assets from being sold, transferred, or otherwise dealt with while the matter is being investigated through the relevant legal process. The reports identify the properties as luxury assets and link the alleged financing to PRASA-related dealings under scrutiny in the R5.6 billion tender probe. The available information does not provide further detail on the specific properties, the contract counterparties, or the full scope of the allegations beyond the linkage between the purchase funds and the PRASA transactions under investigation.
SIU freezes former PRASA CEO Tshepo Lucky Montana’s luxury properties in R5.6bn probe
The Special Investigating Unit (SIU) says it has obtained a court order to freeze two luxury properties belonging to former PRASA Group CEO Tshepo Lucky Montana. The SIU states that it traced the fund...
- The SIU has obtained a court order freezing two luxury properties linked to former PRASA Group CEO Tshepo Lucky Montana.
- The SIU says it traced funds used to acquire the properties to transactions linked to a controversial PRASA contract.
- The contract involved in the probe is described as being worth R5.6 billion.
- The freezing order is tied to the ongoing SIU investigation into the PRASA matter.
- The reports do not provide additional details on the properties or specific allegations beyond the funding linkage.
The Special Investigating Unit has secured a court order freezing two luxury properties belonging to former PRASA Group CEO Tshepo Lucky Montana after tracing funds used to acquire the assets to transactions linked to PRASA’s controversial R5.6 billion contract.
2 hours agoThe Special Investigating Unit has secured a court order freezing two luxury properties belonging to former PRASA Group CEO Tshepo Lucky Montana after tracing funds used to acquire the assets to transactions linked to PRASA’s controversial R5.6 billion contract.
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