Information reaching Kossyderrickent has it that Sovo’s fleet of cars which is inclusive of 3 Porches, Bentley, BMW, G Wagon and a Lamborghini Urus.
SIU is officially investigating serious maladministration in the affairs of PRASA as Sovo’s father got a R3.5BN tender to supply trains.
Liquidators appointed to recover over R2.6-billion unlawfully paid to the now insolvent Swifambo Rail Leasing company by Passenger Rail Agency of South Africa (Prasa) for the failed tall trains project, are demanding over R12-million from the company owner, Auswell Mashaba.
The liquidators are also demanding that Mashaba forfeit any claim he may have had against the insolvent estate of the Gauteng-based company.
The startling details are contained in the court order the five liquidators obtained in the Joburg High Court last month to force Mashaba and his legal team to file discovery papers ahead of their showdown over the tax paper’s money.
In the court papers, which Sunday World has seen, the liquidators said during March 2013, Swifambo concluded a contract with Prasa, in which the company was expected to provide 70 locomotives to the value of approximately R3.5-billion to the parastatal.
Swifambo supplied Prasa with 13 of the 70 locomotives, the papers said, and the state-owned company paid Swifambo and its sister company Ralipro, over R2.6-billion between April 2013 and July 2015.
The luxury AM Lodge, which according to its website charges guests up to R15 000 a night, is located on one of these properties.
Clear Bubbles Trading 100, a company of which Auswell and Joyce Mashaba
are directors, later paid R8.4 million in cash for a luxury guesthouse in Waterkloof, Pretoria.
Avraspark, another company Mashaba is the only director of, bought a fourth piece of land near Hoedspruit worth R3 million in February 2014.
In April 2014, Mashaba bought a fifth piece of land through Zetacor Six worth R12 million.
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