Johannesburg - Auction Alliance boss Rael Levitt is being
investigated for allegedly paying people to drive up the amounts other people
were willing to bid at property auctions, according to a report on Tuesday.
The Consumer Protection Commission and the Estate Agency
Affairs Board told The Star newspaper that a probe in Levitt's business
activities was under way.
Levitt is accused of giving kickbacks to liquidators, bank
staff and attorneys.
Meanwhile, he has offered to step down as a board member of
the SA Institute of Auctioneers pending the outcome of the investigation.