Durban businesswoman Shawn Mpisane is expected to appear in the Durban magistrate’s court today.  She’s facing fraud charges – relating to her construction companies.  Mpisane is currently also embroiled in a tax fraud trial.  

The restraining order was granted after a two-year investigation. The wealthy businesswoman allegedly provided false information to the Construction Industry Development Board to get government tenders.

This allegedly led to larger government contracts worth R140 million. Yesterday, the Assets Forfeiture Unit seized assets and attached property worth R140 million belonging to Mpisane and her husband Sbu. 

The  unit seized among other things, a Rolls Royce Phantom worth between R6 and R8 million, two Porsches, a Maserati, a Mercedes Benz and a BMW. Their luxury house is said to be valued at R80-million.

PricewaterhouseCoopers curator Trevor White says: “As a result of the restraint order we are in the process of valuating three properties that they own as well as the various assets in those properties as well as their motor vehicles which in the court order is listed as 62 vehicles.”

Questions have earlier been raised about Mpisane and her company– Zikulise Cleaning and Transport. They have been accused of poor workmanship relating to housing projects.

For more details go to http://www.sabc.co.za