The charges on which Block and Scholtz were convicted arose from lease agreements from May 2006 to August 2008 between various state entities and departments in the Northern Cape and members of what became known as the Trifecta Group of Companies.
Scholtz‚ a businessman from Pretoria who was engaged in the private equity business‚ came into contact with Sarel Breda‚ with whom he identified business prospects in the Northern Cape. Their business model was to identify rundown buildings that could be renovated into offices and then leased to state entities. In due course a number of leases were concluded‚ which went to the heart of the charges that were brought later.
The Northern Cape High Court held that Block‚ then a senior politician in the province‚ had corruptly used his influence to ensure that Breda and his companies obtained some of the leases. They were concluded with the state without the necessary statutory protocols and procedures being followed.Block was paid substantial gratifications‚ including two sums of R228‚000 and R500‚000.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court upholds confiscation of R60m from company linked to ex-ANC leader John BlockThe Supreme Court of Appeal (SCA) on Tuesday upheld the Asset Forfeiture Unit's confiscation of R59.8m belonging to the Trifecta group of companies to the state.
Source: TimesLIVE - 🏆 28. / 59 Read more »