Could this be Edwin Sodi’s downfall? Business mogul set to lose R300m in properties if found guilty

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According to NPA, if Edwin Sodi is found guilty, the state will forfeit his property worth over R300m. Could this be his downfall?

Could this be Edwin Sodi’s downfall? Business mogul set to lose R300m in properties if found guiltyHe seemingly had his last public appearance on Bobby Blanco’s birthday in 2023.Undoubtedly, he has been keeping it low-key since the National Prosecuting Authority went after some of his properties against his court woes.

However, the two tenders, which include the R255 million asbestos contract in the Free State and the R295 Rooiwal Wastewater Treatment Works, are before the courts. In 2020, the NPA seized Edwin Sodi’s properties worth millions. Some of the seized property included:Unconfirmed reports has it that Edwin Sodi’s net worth is rumoured to be around R350 million. However rumour mill has it could be more. With his woes he might lose it all if found guilty.Let us know by clicking on the comment tab below this article or by emailing info@thesouthafrican.com or sending a WhatsApp to 060 011 021 1.

 

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