Actor Terry Pheto’s house to be auctioned after SIU probe
The Tsotsi movie star was linked to a property fraud matter in November
02 March 2023 - 12:28
by Kgaugelo Masweneng
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Actor Terry Pheto. File picture: SUNDAY TIMES/THAPELO MOREBUDI.
The Bryanston house of actress Terry Pheto, which was allegedly built with funds siphoned from the National Lotteries Commission (NLC), will be auctioned on Thursday.
The Tsotsi movie star was linked to a property fraud matter in November where the Special Investigating Unit (SIU) obtained a high-court preservation order to freeze nine luxury properties in Gauteng, a BMW 420i and two Ocean Basket franchises on the East Rand. Their combined value is about R25m linked to Pheto and others.
“The SIU investigations have found that the money used for the purchase of the land and construction of the home came from nonprofit organisations that received NLC funding meant for the rollout of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice.
“After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the Asset Forfeiture Unit indicating that they would not contest the preservation order granted by the high court,” said the SIU.
The auctioning of Pheto’s home is a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by state institutions and/or to prevent further losses.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Actor Terry Pheto’s house to be auctioned after SIU probe
The Tsotsi movie star was linked to a property fraud matter in November
The Bryanston house of actress Terry Pheto, which was allegedly built with funds siphoned from the National Lotteries Commission (NLC), will be auctioned on Thursday.
The Tsotsi movie star was linked to a property fraud matter in November where the Special Investigating Unit (SIU) obtained a high-court preservation order to freeze nine luxury properties in Gauteng, a BMW 420i and two Ocean Basket franchises on the East Rand. Their combined value is about R25m linked to Pheto and others.
“The SIU investigations have found that the money used for the purchase of the land and construction of the home came from nonprofit organisations that received NLC funding meant for the rollout of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice.
“After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the Asset Forfeiture Unit indicating that they would not contest the preservation order granted by the high court,” said the SIU.
The auctioning of Pheto’s home is a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by state institutions and/or to prevent further losses.
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