SIU accepts offer for Bryanston home of Tsotsi star Terry Phetho
The Bryanston home of award-winning actress Terry Phetho has been sold after it was auctioned as part of efforts to recover losses suffered by the National Lottery Commission.
The house, which was allegedly built with funds siphoned from the lottery commission, was put up for auction earlier this month.
The auction comes some five months after the High Court in Pretoria granted the Special Investigating Unit a preservation order to freeze nine luxury properties, including the Tsotsi star's Joburg home.
SIU spokesperson Kaizer Kganyago confirmed that home had been bought for R3,9 million on Thursday.
“We can indicate that today (Thursday) as the SIU that we got information from the auctioneer that there were a lot of offers and that the highest offer that was brought was about R3,9 million and we accepted the offer as a client, the house was sold by the asset forfeiture unit and we are the client and we had to approve that and that was approved and the house was sold. They money will come back through the SIU and we will then take the money back to the National Lotteries.”
[RECAP] The house of Moitheri Pheto that was built with funds linked to siphoning of the National Lottery Commission (NLC) is up for auction. SIU spokesperson Mr Kaizer Kganyago explains. pic.twitter.com/ivtL6fU4Gl
— Special Investigating Unit (SIU) (@RSASIU) March 2, 2023
[UPDATE] On Monday, the SIU accepted an offer of R3.9 million for the home of Moitheri Pheto. The proceeds will return back to the @SA_NLC for community development projects.#SIUWorkingForYou https://t.co/axllvSGdCZ pic.twitter.com/BLqsadArAE
— Special Investigating Unit (SIU) (@RSASIU) March 30, 2023
