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.
In less than a month, more than R8m, meant to be used for the beleaguered Integrated Public Transport System, was paid into one of the business accounts of Fareed Fakir.
Tenders continued to be awarded despite the municipal manager’s disapproval and the bid committee not being in agreement with the appointment of some service providers during the pilot phase of Nelson Mandela Bay’s beleaguered Integrated Public Transport System (IPTS).
Volumes of exhibits, including nine lever-arch files containing bank statements of those allegedly involved in the multimillion-rand Integrated Public Transport System (IPTS) fraud case, set the tone for proceedings in the high court on Monday.
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).