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The Asset Forfeiture Unit was dealt a heavy blow on Tuesday after the Gqeberha high court discharged a provisional restraint order against properties owned by various entities linked to a host of businesspeople embroiled in a multimillion-rand fraud and racketeering case.
Not only brothers in name, they were also brothers in arms in business in an alleged “well-oiled” machine set up to pilfer millions of rand meant to be used for the Bay’s beleaguered Integrated Public Transport System (IPTS).
It is not often white-collar crimes end up in the high court, but so serious are the allegations against the individuals accused of plundering funds meant for the Integrated Public Transport System (IPTS), nine men and women found themselves before a judge on Wednesday.