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Internationally acclaimed actress Terry Pheto
The Special Investigative Unit has put Internationally acclaimed actress, Terry Pheto's R5 Million property on auction.
Times Live reported: "The SIU investigations have found that the money used for the purchase of the land and construction of the home came from non-profit organizations that received NLC funding meant for the rollout of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice."
"After the preservation order was granted, Pheto’s legal representatives contacted the SIU and the Asset Forfeiture Unit indicating that they will not contest the preservation order granted by the high court."
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| This is the house Terry Pheto is going to lose should the auction go through. |
Yet, when the complaint against Terry Pheto was first presented, she denied any involvement in charges of fraud involving National Lotteries Commission financing. Pheto stated that she was astonished to learn of the Special Investigating Unit's investigation. She claims she was unaware of an application for a preservation order against her.
She said: "I am dismayed to discover that I am the subject of a Special Investigation Unit probe into allegations of fraud relating to funding by the National Lotteries Commission. I deny any involvement in the alleged scheme that has been reported on. I also had no prior knowledge of an application to obtain a preservation order against me, and have no sight of this order."
Nonetheless, her property was put on auction on Thursday at 11 am. It is uncertain how will this matter unfold.
