The Special Investigating Unit has secured preservation orders to freeze assets worth millions after uncovering a R19.1 million fraud scheme linked to COVID-19 relief funds.
The orders were granted by the Special Tribunal following an investigation into Nako Mang Trading Enterprise CC, which allegedly submitted fraudulent claims to the Unemployment Insurance Fund under the Temporary Employer or Employee Relief Scheme.
Assets now under preservation include two residential properties in Turffontein, an agricultural holding, as well as multiple vehicles including a Toyota Dyna, Hyundai H-1, Mercedes-Benz and a trailer.
The Tribunal has barred the individuals involved from selling or transferring the assets. The Registrar of Deeds has also been instructed to place restrictions to prevent any disposal without approval.
Investigators found that between 2020 and 2023, the company allegedly misrepresented employment relationships to access UIF funds. Several individuals listed as employees later confirmed they had never worked for the company.
Instead of paying workers, the funds were allegedly diverted into personal accounts belonging to directors and their associates.
The SIU further revealed that company director Nikluis Manuel allegedly purchased vehicles in cash shortly after receiving UIF payouts and kept a portion as commission.
Another beneficiary, Khanyi Angel Nokukhanya, reportedly received over R569,000 from the proceeds, which was later used in property acquisitions.
According to investigators, the movement of funds reflects a pattern consistent with money laundering, where illegal proceeds are disguised through assets.
The SIU says the preservation orders are aimed at preventing the dissipation of assets while civil recovery proceedings continue.
In total, the unit is pursuing more than R148 million linked to fraudulent TERS claims involving multiple companies.