NPA freezes R3.4 million in assets linked to alleged R9 million Kathu school theft
The South African National Prosecuting Authority has frozen R3.4 million in assets linked to a former finance clerk accused of stealing R9 million from Kathu High School. The assets include a residential property, vehicles, and caravans purchased with misappropriated funds.
Why it matters
This case highlights efforts to combat corruption and financial fraud within public educational institutions.
Ask AI 2 min One of the vehicles allegedly bought with proceeds from the R9 million theft from Kathu High School has been placed under a preservation order.
The National Prosecuting Authority’s (NPA) Asset Forfeiture Unit has secured preservation and restraint orders over assets worth about R3.4 million allegedly acquired with the proceeds of a R9 million theft from Kathu High School in Northern Cape.
The assets, which include a residential property, four motor vehicles and three caravans, are valued at about R3.4 million.
The orders were obtained by the AFU in Kimberley in collaboration with the Priority Crime Specialised Inspectorate (PCSI) of the Directorate for Priority Crime Investigation (Hawks).
The High Court granted a restraint order Thursday over a residential property in Kathu valued at approximately R1.8 million.
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