Gauteng businessman Hamilton Ndlovu showing off his five luxury cars bought in one day – Twitter / @GuyTaylor10
SIU: Businessman Hamilton Ndlovu ordered to pay back R158m
The Special Tribunal declared the PPE contracts awarded to Hamilton Ndlovu invalid and unlawful. The frozen properties and funds linked to the businessman and his associates will be forfeited to the State.
Gauteng businessman Hamilton Ndlovu showing off his five luxury cars bought in one day – Twitter / @GuyTaylor10
The Special Tribunal ordered Hamilton Ndlovu and his associates to pay back more than R150 million after it found that the PPE tenders the flashy businessman benefitted from were awarded unlawfully.
HAMILTON NDLOVU TO PAY BACK THE MONEY
The Special Investigating Unit (SIU) said the PPE tenders, worth an estimated R172 million, awarded by the National Health Laboratory Service (NHLS) to Ndlovu and associated companies were declared invalid and unlawful by the Special Tribunal, in a statement on Tuesday, 7 June.
Ndlovu and company are ordered to pay back R158 million and the properties and funds that are already frozen will be forfeited to the State.
The SIU’s 18-month investigation into COVID-19 PPE procurement corruption in South Africa revealed that Ndlovu benefitted from the PPE contracts from the NHLS through entities directly and indirectly linked to him.
A bank account analysis revealed that all the companies linked to the businessman made payments worth more than R42 million into his personal bank account.
The scrutiny on Ndlovu intensified in 2020 when he posted a video that showed off his fleet of luxury cars.
The SIU started investigating the businessman in August 2020 when a R72 million PPE tender was awarded to Ndlovu and Feliham Trading, a company owned by his fiancé.
READ:
