Watch out! This may cost you money! What next? September 7 2014 at 06:15am By Fatima Schroeder Comment on this story IOL pic july9 new rand money Reuters Hundreds of senior officials including directors-general are in hot water for failing to disclose their financial interests. Johannesburg - A Gauteng businessman who chairs a black business consortium is under investigation for massive fraud and money laundering that ended up costing Old Mutual close to R100 million. And even though he has not been formally charged, he was served with a court order this week informing him that his assets, including his upmarket Waterkloof Ridge home, millions of rand in investments and a BMW 6 Series, had been attached by the Asset Forfeiture Unit (AFU). Matthews Tuwani Mulaudzi is Luvhomba Group executive chairman. It conducts business in various industries, including mining, IT, consulting, the acquisition of businesses, ventures, service rendering and retail.
Posted on: Wed, 24 Sep 2014 15:52:40 +0000
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