Johannesburg – The five-million-rand Bryanston house belonging to the star of the Oscar-winning movie Tsosti, Moitheri “Terry” Pheto, went under the hammer on Thursday.
The Special Investigating Unit (SIU) said the house was built with money stolen from the National Lottery Commission (NLC).
“The SIU investigations have found that the money used for the purchase of the land and construction of the home came from non-profit organisations that received NLC funding meant for the roll-out of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice,” the SIU said.
“After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the AFU [Asset Forfeiture Unit] indicating that they will not contest the preservation order granted by the high court.”
In line with the SIU Act, the SIU said it was mandated to recover any financial losses suffered by the State or the NLC.
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“The auctioning of Pheto’s home is a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by State institutions and/or to prevent further losses,” the SIU said.
However, there were no bid offers made by the close of Thursday’s auction.
Pheto, who has denied any wrongdoing, has removed all her furniture and personal belongings from the house.
You can put your bid forward by clicking on the link: http://assetauctions.co.za/listing/auction-3-bedroom-home-in-upmarket-bryanston/…