ACTRESS Terry Pheto has decided to keep mum on allegations of fraud.
This follows an investigations by the Special Investigating Unit (SIU) to freeze assets estimated at R25 million, as per preservation order from the High Court, that involves the actress.
On Friday, the country woke up to shocking news by SIU confirming Pheto may have been one of the beneficiaries in property fraud, as the SIU investigates the affairs of the National Lotteries Commission (NLC).
The unit says nine luxury properties in Pretoria, Centurion, Hartbeespoort and Johannesburg, a BMW 420i and two ocean basket franchises in the East Rand with a combined value of approximately R25 million had been seized.
The acquisition of the properties was allegedly funded by the Non-Profit Organisations (NPOs) with money they had received, under the auspices of grant funding, from the NLC.
The Vaal born Pheto was listed amongst nine others who have been prohibited from selling, disposing of, leasing, transferring, donating, or dealing in any manner whatsoever with respect to the immovable and movable properties.
“The luxury properties, therefore, constitute proceeds of unlawful activities hence the application for a preservation order pending the final determination of the application for final forfeiture,” said the SIU on Friday.
She said she will co-operate with the investigations.
The NLC has been in the press for wrong reasons following the resignations of senior managers and directors who are involved in corruption and malfeasance amongst others.
Image (No laughing matter. Actress Terry Pheto in hot water).
