Hamilton Ndlovu’s flashy vehicles are getting auctioned
Hamilton Ndlovu’s flashy fleet of vehicles will be auctioned next week. The businessman is accused of profiting from tenders awarded unlawfully. The vehicles are part of the assets frozen by the State. PORSCHES AND A LAMBORGHINI ARE UP FOR GRABS AS NDLOVU’S VEHICLES GO ON AUCTION The Special Investigation Unit (SIU) said Ndlovu and his associates were […]
Hamilton Ndlovu’s flashy fleet of vehicles will be auctioned next week. The businessman is accused of profiting from tenders awarded unlawfully. The vehicles are part of the assets frozen by the State.
PORSCHES AND A LAMBORGHINI ARE UP FOR GRABS AS NDLOVU’S VEHICLES GO ON AUCTION
The Special Investigation Unit (SIU) said Ndlovu and his associates were ordered to pay back R158 million after the NHLS awarded the grouping R172 million in unlawful PPE tenders. The frozen assets, including properties, funds and vehicles, are forfeited to the State.
Ndlovu’s vehicles are the main attractions at Park Village Auctions’ next national vehicle auction, which is set for Wednesday, 5 July.
READ: SIU: Businessman Hamilton Ndlovu ordered to pay back R158m
“PVA will make available several supercar and luxury sport SUVs along with approximately 150 passenger and commercial vehicles stemming from genuine bank repossession and asset forfeiture matters,” read a statement from the auction house.
Several supercars will be auctioned, including a Porsche Panamera GTS Sport, a Porsche Cayenne S Coupe, a Grand Cherokee SRT, and a Lamborghini Urus.
READ: Special Tribunal confirms Hamilton Ndlovu’s assets remain preserved despite appeal
BOASTFUL VIDEO
Ndlovu boasted about the fleet of luxury vehicles he reportedly purchased in one day. The video made headlines in 2020, and it wouldn’t be long before he was in the news due to the SIU investigation.
JUST IN: PPE tenders worth R172M awarded by NHLS to Hamilton Ndlovu and associated companies declared invalid and unlawful by @TribunalSpecial. Ndlovu and associates ordered to pay back R158M. Frozen properties and funds belonging to Ndlovu and associates forfeited to the state. pic.twitter.com/iO4fm0r89o
— Special Investigating Unit (SIU) (@RSASIU) June 7, 2022
As previously reported, the SIU’s 18-month investigation into COVID-19 PPE procurement corruption in South Africa revealed that Ndlovu benefitted from the PPE contracts from the NHLS through entities directly and indirectly linked to him.
A bank account analysis revealed that all the companies linked to the businessman made payments worth more than R42 million into his personal bank account.
READ: Termination of Zimbabwean Exemption Permit declared unlawful, unconstitutional and invalid