• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Hawks raid Auction Alliance properties

Aug 08 2012 10:10
Sapa
Johannesburg - A task team has raided 13 Auction Alliances properties across the country, the Hawks said on Wednesday.

"We conducted search and seizure operations at five Auction Alliance properties in Gauteng, five in the Western Cape, one in KwaZulu-Natal, one in Eastern Cape and one in the Free State," spokesperson McIntosh Polela said.

"The search was to get anything that will help us with the ongoing investigation into Auction Alliance."

Auction Alliance made news in December when billionaire Wendy Appelbaum alleged that the firm had used a ghost bidder to push up the price of the wine farm Quoin Rock, which she bought for R55m on auction.

Investigations were also launched into claims of staff receiving kickbacks for preferential treatment.

Polela said the Hawks, the Treasury, the National Prosecuting Authority, the Special Investigating Unit and the SA Revenue Service formed part of the anti-corruption task team that raided the properties.

"We will only be able to know in a few days what exactly was seized," he said.

In June, the Cape High Court postponed an application by the Estate Agency Affairs Board for a warrant to access Auction Alliance's documents.

Auction Alliance had asked the court to prevent a "warrant-less search" by the board's inspectors.

* Follow Fin24 on Facebook, Twitter and Google+.
auction alliance  |  hawks

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...