O’Sullivan offers aid in Huddle Park probe
Suspect events in sale of Johannesburg’s potentially high-value estate to Investec Property to be examined
The Johannesburg mayoral commission investigating the Huddle property scandal has received an offer from Paul O’Sullivan’s forensics company to assist on a pro-bono basis in the probe into the alleged multibillion rand land sale fraud. The investigation will examine the many outlandish, obscure and suspicious developments that have marked the sale of the city’s potentially high-value estate at Huddle Park to Investec Property. "The extremely low price, dearth of other bidders, questionable methods used for the … tendering process, fraudulent valuation processes and other suspicious activity all call the transaction into serious question," a city spokesman said. Investec is already marketing stands at the development site, The Neighbourhood. Meanwhile, losing tenderer Asibambani Consortium, headed by Johannesburg businessman Bill Kirk, is suing the city for R1.9bn in civil damages alleging a fraudulent and possibly corrupt property transaction. The sought-after property near Johannes...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.