Thursday, February 07, 2013

Assets Forfeiture Unit seized Shauwn Mpisane assets

Mluleki Mrwebi
07 February 2013

The Inkatha Freedom Party in KwaZulu-Natal has welcomed the seizure of some of the assets of Durban business couple S'bu Mpisane and his wife Shauwn.

The seizure by the Assets Forfeiture Unit follows investigations by the Hawks into allegations that Mpisane fraudently secured contracts valued at R140 million from the Department of Public Works.

Mpisane is also facing fraud charges for allegedly submitting false invoices to SARS.

The IFP Caucus Chairperson Mdu Nkosi said the Leaders of the Ethekwini Municipality did not a vision, because there was no way they could have given such a lot of money to a company that has a lot of problems.

Nkosi added that there must have been kickbacks involved.

Mpisane was arrested today and is expected to appear in court soon to apply for bail.



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