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Hamilton Ndlovu back to rags? – State seizes R102 million assets

The Special Tribunal has ordered businessman Hamilton Ndlovu and his companies to pay back at least R158 million in monies gained from unlawful and irregular personal protective equipment (PPE) tenders.

Ndlovu benefitted at least R172 million from some 19 National Health Laboratory Service (NHLS) PPE tenders.

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“[Ndlovu] was the controlling mind of all the front companies, and the direct and indirect beneficiary of the funds flowing to them from the payments made by the NHLS. “The links and interrelationships between the front companies and the fact that they were all controlled by Mr. Ndlovu were not disclosed to the NHLS.

The companies operated jointly as part of an unlawful scheme directed by Mr. Ndlovu and under the pretence that they were independent entities. “Instead of operating at arm’s length and in competition with each other to supply PPE to the NHLS at the best available prices, the companies were a front whereby Mr. Ndlovu could obtain multiple contracts from the NHLS at excessive prices without revealing his involvement in each of them,” Kganyago said.

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