Details of the Alleged Fraud Terry Pheto ran
The report, presented to Parliament’s trade and industry portfolio committee, reveals that a substantial sum of R5 million was allocated to a company named Zibsibix by the NLC in December 2018. However, the funds were dispersed into various accounts, raising questions about their ultimate usage, as reported by Timeslive.
Financial Transactions
According to the findings, Thula Sindi’s company, Black Planet Trading, received R140,000, while Moitheri Pheto’s enterprises, including Tsoseletso and Sunguti Projects, amassed a staggering R3.2 million. Additionally, Dimakatso Pheto was noted to have received R124,000 and R315,000 through different channels.
ALSO READ: Lerato Kganyago Dethroned: Joy As Skomota Has The Best Valentine’s Day
Use of Funds
The investigative trail uncovers a series of transactions, including the purchase of a farm in the Vaal area, purportedly for Dimakatso Pheto’s benefit, amounting to R850,000. Further expenditures, totalling R209,000, were allocated for farm supplies and the acquisition of a vehicle.
🔴South African Celebrities Involved In #LottoHeist🔴
As the SIU swoops in on culprits involved in the #LottoHeist Saga. We look at the South African celebrities who allegedly unduly benefited.
1- Arthur Mafokate
2-Presley Chweneyagae
3-Terry Pheto
4-Thula Sindi pic.twitter.com/40XzDnEHWn— The Insight Factor (@insightfactor) February 14, 2024
Legal Consequences for Terry Pheto and her associates
The severity of the situation is underscored by the SIU’s decision to refer the case to the civil litigation unit for fund recovery, with criminal referrals being prepared for the National Prosecuting Authority.
The breakdown of payments implicates multiple entities, including Black Planet Trading, Tsoseletso, and Pheto Safe and Cleaning, among others.
ALSO READ: Meet The Married Couple Which Has Spent 30 Years Without Having Lula Lula
Related Developments
In a related development, Moitheri Pheto’s residential property, a lavish three-storey house located in Bryanston, has been auctioned off. Allegations suggest that a significant portion of the R20.2 million earmarked for a safe circumcision campaign was diverted to construct the Bryanston property, valued at R3 million.
