IN PICS | Asset Forfeiture Unit in KZN grabs five planes, a car and 11 pieces of land from dodgy investment firm

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The forfeited assets include 11 pieces of land in Dundee, five aircraft and a motor vehicle.

Five aircraft, one car and 11 pieces of land were seized on Thursday as the Asset Forfeiture Unit in KZN swooped on a dodgy investment firm.

National Prosecuting Authority KZN spokesperson Natasha Kara said the matter was in connection with the contravention of the Financial Advisory and Intermediary Act. “As a result of the advertisements, a number of people deposited funds into Coinit’s bank accounts. In terms of the Financial Advisory and Intermediary Act and the Banks Act, Coinit was not authorised to accept deposits from the investors.

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IN PICS | Asset Forfeiture Unit in KZN grabs five planes, a car and 11 pieces of land from dodgy investment firmThe order was granted on Wednesday and follows a preservation order — which was granted in November 2020 by the same court — to freeze Coinit's assets. It is really hard believing all this testimonies online about investing but I'm glad I made the right choice by learning and trading with Jeff_Arnhoff his promises about withdrawal are accurate and withdrawal doesn't take time...thanks to those that encourage me to meet Jeff All thanks to God who brings her to my life 🙏🙏MaverickIsabel Who is putting out really cool contact with lots of tips on how to make money online The whole of South Africa needs to know about JezziniSamir As a matter of fact they're the most trusted investment company I've come across, I've earned more than I expected over a short period of time. Investment JezziniSamir
Source: SowetanLIVE - 🏆 13. / 63 Read more »

IN PICS | Asset Forfeiture Unit in KZN grabs five planes, a car and 11 pieces of land from dodgy investment firmThe order was granted on Wednesday and follows a preservation order — which was granted in November 2020 by the same court — to freeze Coinit's assets. It is really hard believing all this testimonies online about investing but I'm glad I made the right choice by learning and trading with Jeff_Arnhoff his promises about withdrawal are accurate and withdrawal doesn't take time...thanks to those that encourage me to meet Jeff All thanks to God who brings her to my life 🙏🙏MaverickIsabel Who is putting out really cool contact with lots of tips on how to make money online The whole of South Africa needs to know about JezziniSamir As a matter of fact they're the most trusted investment company I've come across, I've earned more than I expected over a short period of time. Investment JezziniSamir
Source: SowetanLIVE - 🏆 13. / 63 Read more »