AFU, SIU obtain preservation order to seize assets linked to NLC grant funding
The Asset Forfeiture Unit (AFU) and the Special Investigating Unit (SIU) have obtained a preservation order to seize four high-value properties and a vehicle amounting to R6.5 million.
The National Lotteries Commission. Picture: Ashraf Hendricks/GroundUp
JOHANNESBURG - The Asset Forfeiture Unit (AFU) and the Special Investigating Unit (SIU) have obtained a preservation order to seize four high-value properties and a vehicle amounting to R6.5 million.
The assets are linked to the National Lotteries Commission (NLC) grant funding.
It’s alleged that grant funds allocated to four non-profit organisations were used for personal gain between 2015 and 2017.
SIU spokesperson, Kaizer Kganyago, said the preservation order was part of its plans to eradicate the misuse of state funds in the country.
"The order, dated 24 July 2024, safeguards various assets acquired through the misappropriation of funds from the NLC [National Lotteries Commission] to ensure that they are kept in reasonable condition until a forfeiture order has been granted. This decisive action is part of an ongoing investigation into the unlawful use of NLC grant allocations meant to support community development projects."