Lottery scandal: Mbalula denies allegations of R3m loan in property dispute | The Citizen

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The paper trail indicates that this R3-million towards the house purchase ultimately came from Lottery grant money. FikileMbalula Read more here 👇

: “The Minister has nothing to do with the mentioned property. Any intention to buy it in the past did not happen.

Instead, Upbrand Properties, a company which has been at the centre of lottery corruption and that is closely linked to the Letwaba brothers, bought the house after making an identical offer.Letwaba claimed in his affidavit that “the understanding […] even though this was not reduced to writing, [was] that Upbrand will hold the property until such time as the R3-million was repaid.”There is no explanation so far as to where the balance of R2.

“The logical explanation, therefore, being that in the event of his default, Upbrand would utilise the property to recover any outstanding monies, it acquired a real right as being the registered owner of the property.” Told that Lulamisa bank statements reflected payments to Ironbridge from Lulamisa and that Malomane had included a list of these alleged payments amounting to almost R6.4-million with her affidavit, Siweya said he was not aware of them.

But neither Lulamisa nor the NLC, then run by a different, very opaque executive and Board, who have been implicated in the corruption that overwhelmed the organisation on their watch, would say what the money was for and how it was spent. “Because Ironbridge … was not in the business of acquiring property, Ms Malomane had no intent to bring this into the sphere of her business.

 

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Fikile Mbalula in row over luxury house frozen by Special Tribunal | News24The brother of the former chief operating officer of the Lottery is seeking to overturn a preservation order on three properties. He, as well as the wife of the former COO, have claimed in affidavits that R3 million towards the purchase of one of these properties, a house in Bryanston, Johannesburg, was a loan to ANC secretary-general Fikile Mbalula, to help Mbalula buy the house.
Source: News24 - 🏆 4. / 80 Read more »