The Special Investigating Unit (SIU) is hot on the heels of alleged tender fraudster Hamilton Ndlovu and in a new statement, more details have surfaced on how he may have blown through hundreds of millions of taxpayers’ money.
Hamilton Ndlovu runs out of court delay tactics
The walls continue to close in on the one-time millionaire as the SIU scored another crucial court victory. In a statement, the financial crimes investigative body revealed that “the Special Tribunal has dismissed, with costs, an application by Hamilton Ndlovu to stop SIU from taking further legal action against him.”
“Hamilton Ndlovu and others allege that as a result of the SARS and Special Tribunal orders, they do not have access to funds and assets to fight the review application brought by the SIU and NHLS. The SIU welcomes the Special Tribunal order dismissing stay of review application,” the SIU wrote in a Twitter thread.
From what we understand, Ndlovu and his business partner Thabiso Ndlovu, as well as his entities Ndlovu Hamilton Holdings (Pty) Ltd, Hamilton Projects CC and Feliham (Pty) Ltd, were awarded a PPE (personal protective equipment) tender by the National Health Laboratory Services (NHLS) worth R172.7 million back in 2020.
According to the SIU’s financial forensic tracing, about R152 million of that was funnelled to Ndlovu for personal use. This explains the fleet of high-end vehicles he purchased for his family and went on social media to callously brag about it.
Of course, as karma would have it, the ‘tax man’ came after Ndlovu, his business associates and his entities and at this time, only R103 million has been preserved.
“Approximately R50 million remains unaccounted for by Ndlovu. This includes R15 million withdrawn in cash through tellers and ATMs,” the SIU wrote.
SIU path clear to empty Ndlovu’s pockets
The forensic evidence mounted by the SIU against Ndlovu and his co-accused played a crucial role in the dismissal of his leave to appeal the review application into the NHLS tender.
Essentially, the SIU wants the shoddy deal scrapped off as unlawful and for the Special Tribunal to make Ndlovu pay back what is owed to ‘Ceasar’.On Tuesday, the Special Tribunal saw no soluble merits in Ndlovu’s appeal and dismissed it with costs.
The review application is set to continue in March 2022.
