Mansions, Bentleys and Ferraris: The long list of assets seized from Edwin Sodi

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South Africa Headlines News

The Asset Forfeiture Unit has seized luxury assets including Ferraris, Bentleys and properties worth millions, in the high profile Free State asbestos corruption case involving EdwinSodi, writes SihleMlambo_

The seven accused appeared at the Bloemfontein Magistrate’s Court on Friday after they were arrested by the Hawks in KZN, Gauteng and the Free State this week.

The AFU contends that the Free State DHS had to then follow a competitive procurement process, but this was not done. The Ori Group was only paid an amount of R6.3 million by Mastertrade and they never completed the work, the AFU said. “There was a duty by Mlamleli to act and stop the irregular procurement and if she did so the DHS would not have suffered a further loss of R139m and Mlamleli clearly ignored the AG’s report and further identified herself with the criminal activity that was being perpetuated through a fraudulent scheme by department officials and Sodi, Blackhead Consulting, Diamond Hill and others,” the AFU said.

Sodi is the sole director of Base Property Holdings Ltd, which holds mortgage bonds valued at R40.5 million. Base Property Holdings also holds 10 title deeds in Bryanston, Johannesburg. Blackhead Consulting’s books showed an operating profit of R15.5m, with R71m equity, turnover had increased from R197m to R292m and Sodi had savings of over R25m in his ABSA bank accounts.

 

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SihleMlambo_ How is it that SARS haven't investigated when someone becomes rich overnight?

SihleMlambo_ 🙄

SihleMlambo_ All of it ends in tears & humiliation

SihleMlambo_ The number 1 corrupt province is the Eastern Cape we all know that nothing is happening there with arrests and you want us to take you crious

GuyTaylor10 SihleMlambo_ Good!!!!

SihleMlambo_ EdwinSodi MYANC BEE Tenderpreneuring at its height. Obese overweight pigs feeding at the trough needs to stop...

SihleMlambo_ Life is Gomora gomoramzansi

SihleMlambo_ The poor never learn

SihleMlambo_ Apartheid?🤔 Anyone

SihleMlambo_ Blackhead Consultant a criminal ngr ?

SihleMlambo_ I wonder where will this case end. Or it will end like other cases

SihleMlambo_ zanynkosi this is the reason for the 'alleged bribe'. So he doesn't interfere with the process. I'm not arguing this process per se. But only the 'bribe allegation'. Everyone is entitled to their views though. ✌

SihleMlambo_ May these corrupt bastards spend a long time in orange overalls

SihleMlambo_ South Africans are champion looters!

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Zweli Mkhize denies receiving donations of R6.5m from Edwin SodiHe said when he took over as treasurer-general, Sodi’s 'contacts were available in the ANC donors’ database as one of the people who had previously donated to the ANC'. Let him step aside, face the useless intergrity committee and explain himself there. And ? Dr Mkhize may not have benefited directly, but he was involved in bribes paid to the ANC, bribes which funded their re-election campaigns. All cadres benefit from Corruptheid.
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