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2023/08/11      |  Written By:  Captain B Nxumalo   |   Province:  Gauteng

PRETORIA – The accused, Mamakadi Constance Mosena was released on R5000 bail by the Palm Ridge Specialised Commercial Crimes Court after she handed herself over to the police on 8 August 2023. Mosena is facing charges of theft and money laundering.

Her co-accused, Sekwame Gilbert Mosena (63) and Tselane Mary Baggot (51) are out on R10 000 bail each after their arrest on 12 July 2023 by the Hawks’ Serious Economic Offences Unit.

It is alleged that a legal entity, Silver Vanity Investment (Pty) Ltd which owns three properties in Midrand entered into a rental agreement with the Department of Public Works (DPW). The legal entity had appointed a certain entity to manage and maintain the properties. DPW reportedly paid R14 million into that entity’s account and the shareholders were not informed of the payment. The money was allegedly misappropriated and laundered without being distributed to the shareholders.

The misappropriation was discovered and the matter was reported to the Hawks for further investigation. The Hawks’ investigation led to the arrest of the executives within the entity.

All three accused are expected to return to court on 24 August 2023.