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NPA secures R32m preservation order in ongoing asbestos case

Cape Times

|

May 15, 2025

THE Free State High Court has granted the NPA a R32 million preservation order against Ace Magashule and others linked to the asbestos corruption and money laundering scheme.

- KAMOGELO MOICHELA

Included in the court order is a luxury Mercedes-Benz G63 AMG, allegedly purchased in cash for R2 million - a symbol of the lavish lifestyle funded by illicit gains.

According to the NPA, the seized assets are believed to be the proceeds of a web of criminal activities, including theft, fraud, corruption, and money laundering, orchestrated at the expense of the Free State Department of Human Settlements (FSDHS).

"The involved individuals, companies, and trusts are alleged to have engaged in a complex web of financial flows, designed to strip the FSDHS of its much-needed resources," said NPA national spokesperson Mthunzi Mhaga.

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G20 Summit in South Africa: A success for MSMEs despite the absence President Donald Trump

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