Net closes in on Hamilton Ndlovu as order granted to freeze his assets
Businessman Hamilton Ndlovu has been slapped with another preservation order after the Special Investigating Unit (SIU) was granted an order to freeze R42 million worth of his luxury properties and funds.
This comes five months after the South African Revenue Service froze R60 million from his bank accounts and some of his assets after he posted luxury cars worth some R11 million on social media.
The posts of the fleet of cars, including Porsche's, a Jeep, and a Lamborgini alerted the taxman.
The SIU is probing eight companies belonging to Ndlovu which were all awarded tenders worth R172-million by the National Health Laboratory Services (NHLS).
"Eight companies which belong to Mr Ndlovu were awarded tenders and we found that the fact that he was owning all eight whether directly or indirectly was not disclosed to the NHLS. We also found that most of the money was not used for PPE only less than 13% of it was used for that," said SIU spokesperson Kaizer Kganyago
The SIU now has 30 days to probe the matter further and take it back to the Special Tribunal for an order to set aside the contracts that were awarded to all eight companies belong to Ndlovu.
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