R111m businessman stole from Covid-19 UIF Ters will be forfeited to the state

The high court in Pretoria on Tuesday ordered that the R111m which was frozen in the bank accounts belonging to Thabo Abel Simbini be forfeited to the state.

2021-12-07 11:35:00 PM

The high court in Pretoria on Tuesday ordered that the R111m which was frozen in the bank accounts belonging to Thabo Abel Simbini be forfeited to the state.

The high court in Pretoria on Tuesday ordered that the R111m which was frozen in the bank accounts belonging to Thabo Abel Simbini be forfeited to the state.

07 December 2021 - 21:56The high court in Pretoria has ordered that the R111m frozen in bank accounts held by a businessman accused of TERS fraud be paid to the state.Image:123RF/INSTINIAThe high court in Pretoria on Tuesday ordered that the R111m frozen in the bank accounts belonging to  Thabo Abel Simbini be forfeited to the state.

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The National Prosecuting Authority said the forfeiture order on Tuesday followed a successfulobtained from the same court in November last year in terms of the provisions of the Prevention of Organised Crime Act. The preservation order related to property believed to be the proceeds of fraud, theft and money laundering.

The NPA alleges  thatin October last year, Simbini, through his business Impossible Services (Pty) Ltd, made the devastating revelation that he had to lay off 6,647 employees because of the coronavirus.As a result, he claimed — and was paid — R111m from the Unemployment Employment Fund's t headtopics.com

emporary employment relief scheme (Ters)set up to help individuals and businesses hardest hit  by Covid-19.It said R111m was fraudulently paid into Impossible Services'  FNB bank account belonging to Simbini.“After the funds were fraudulently paid into this account, Thabo Abel Simbini transferred the monies to several FNB accounts.”

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The NPA said on November 13 last year, the Financial Intelligence Centre issued intervention notices to the various banking institutions to temporarily “freeze” the funds implicated in the actions of Impossible Services to assist law-enforcement agencies with their process of possible recovery.

“This resulted in AFU successfully obtaining the preservation order.”The NPA said  Simbini is charged with corruption after he tried to bribe the UIF official for the release of the stolen funds.“He paid the UIF official a bribe of R10,000 and was arrested in a sting operation by members of the Hawks.”

The matter has been remanded to February 1 2022  in the Pretoria specialised commercial crimes court.The NPA's Asset Forfeiture Unit said it recognises that the UIF was a victim and therefore the recovered funds will be paid to it. 

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Wow my ANC you can't grow the economy this way by allocating such funds to one company They should have said be looted by the state officials, we get fokol thina. 😬🚮 So does he get his orange jumpsuit. Paying back is mandatory. You need to be locked up for the crime NPA_Prosecutes CyrilRamaphosa Should actually go to gift of the givers... State will just recycle it into more corruption

Mina R48.7M since 2020 February Good as gone Very good .... So that it can be stolen by another person. What about jail he must go to jail 🖕🏽🖕🏽🖕🏽 To the state? What about the 6000+ employees 😩 Adults only Click here to join No under 25 NVLS

'Fewer severe Covid-19 cases' in Omicron epicentre hospitalsAccording to the report, the positive cases of Covid-19 have mostly been 'incidental findings' in patients, meaning they were admitted to the hospital for reasons other than Covid-19. This variant is just a scare tactic from Government to get people to do what they want, wether you vaccinated or not...fokofANC In other words the patient went to hospital because they were sick from other illnesses. Then the hospital tested them to get numbers. They the tested positive. 4 died and the stats were counted under covid. Thanks for the clarity

Damn...😬 Z'YAKHALA 💃 King_Marvin21 So a non South African stole money from SA UIF, only to hv it forfeited to the State, for SA politicians to chow it 🙄 State always enjoy money Hope it means the people who deserves it fairly and legally will finally see some money or is it wishful thinking Sounds like a Zimbo guy

That money's as good as gone. The 'hyenas' are licking their lips. They gonna chow that money in a minute Thieves just moving money. There should be a independant keeper of that forfeited money, not a government official. Maybe then we can start addressing the unemployment and poverty problem. From one thief to another...never ending cycle.

'Fewer severe Covid-19 cases' in Omicron epicentre hospitalsAccording to the report, the positive cases of Covid-19 have mostly been 'incidental findings' in patients, meaning they were admitted to the hospital for reasons other than Covid-19. When their beloved vaccinated are in hospital they change the story🙄🙄😁😁😁

Kanjani when the beneficiaries didn't receive... I CANNOT BELIEVE THIS Comrades RN Where it will be stolen again... Nice! criminal charges must follow. Fool😄😆 When you steal, you're called a business man. The MyANC way. That's why the country's fucked. Businessmen generate jobs. Sambini will never be convicted. If you get such contracts, you have connections in high places VoetsekANC

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'Fewer severe Covid-19 cases' in Omicron epicentre hospitalsAccording to the report, the positive cases of Covid-19 have mostly been 'incidental findings' in patients, meaning they were admitted to the hospital for reasons other than Covid-19. Heban 🤷‍♂️😂😂 Well a virus will mutate in vaxxed as well as unvaxxed till it becomes endemic, new variants will pop up every year with less and less severe symptoms. Think it's time we halt the start and stop of our economy's through lockdowns.

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Buthelezi tests positive for COVID-19 againIFP founder and President Emeritus Mangosuthu Buthelezi has again tested positive for COVID-19 Haaaaayibo lomadala solo akafi kanti? I trust he is vaccinated and it will be a quick recovery. I hope he isn't fully vaxxed cause he'll put the lives of the non-vaccinated people at a very high risk. Those people are like ticking 💣s waiting to explode!