SIU secures 24.9 million preservation order in alleged NLC corruption

News Anti-bribery and corruption Sanctions & Fines

Date: 16th May, 2025 Source: Special Investigating Unit Country: South Africa Original Source

Brief

On April 10, 2025, the Special Investigating Unit (SIU) obtained a preservation order from the Special Tribunal to freeze assets worth R24.98 million linked to alleged misappropriation of a National Lotteries Commission grant. The funds were meant for the 2016 Rio Olympics "Roadshow Send-Off" campaign but were diverted to various entities, including luxury properties and high-value vehicles, controlled by individuals linked to NLC officials.

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SIU secures 24.9 million preservation order in alleged NLC corruption

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SIU secures 24.9 million preservation order in alleged NLC corruption

Brief

Special Investigating Unit

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