DA welcomes preservation order granted against NLC syndicate members
13 January 2023
The DA welcomes the decision by the Gauteng North High Court to freeze three luxury properties, a plot, and a portion of a farm that are owned by former NLC syndicate members.
According to the Special Investigating Unit (SIU) R56,3 million was siphoned from five hijacked non-profit organisations in order to fund the acquisition of these properties.
The funds that were looted were meant to assist with social hygiene, home-based care, community development, a museum and a library.
This further exemplifies the industrial-scale theft that took place under the former leadership (syndicate) of the NLC and its associates.