Gauteng News

SIU to freeze R22.4-Million linked to 7 Gauteng schools sanitation companies

The Special Investigating Unit (SIU) has been granted an order to freeze bank accounts of seven (7) more companies with the sum of R22.4 million on Tuesday. The companies, together with over 200 others, were irregularly appointed by Gauteng Education to sanitize schools for a whopping R431 million.

This order is in addition to the R40.7 million preservation order granted last month in the Gauteng schools decontamination matter. SIU spokesperson Kaizer Kganyago said the latest order prohibits the 7 more companies from dealing with the funds held in the bank accounts.

“Special Tribunal order prohibits Chachulani Group Investment Holdings, Muta Investment Holdings, Netvision Energy Savers, Psychin Consulting, Home Ground Trading 1105, Mpale Investments Holdings, and Naledzi Investment Trust from dealing with the funds held in the bank accounts.” he said.

The companies began dissipating the funds received from the Gauteng Department of Education, upon receipt. Kganyago stated that traces of the funds showed that, the companies made large payments to unidentified recipients who have, in turn, disposed of them.

“Some of the funds went towards travel and accommodation, and towards loan repayments. It appears that the companies have been disposing of the funds with the intention of frustrating any claim that the SIU may have to those funds.” he stated.

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