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Picture taken from www.bankrepossessedhousesales.co.za

 The search was to get anything that will help us with the on-going investigation into Auction Alliance 

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"We conducted search and seizure operations at five Auction Alliance properties in Gauteng, five in the Western Cape, one in KwaZulu-Natal, one in Eastern Cape and one in the Free State," spokesman McIntosh Polela said.

"The search was to get anything that will help us with the on-going investigation into Auction Alliance."

Auction Alliance made news in December when billionaire Wendy Appelbaum alleged that the firm had used a ghost bidder to push up the price of the wine farm Quoin Rock, which she bought for R55 million on auction.

Investigations were also launched into claims of staff receiving kickbacks for preferential treatment.

Polela said the Hawks, the Treasury, the National Prosecuting Authority, the Special Investigating Unit and the SA Revenue Service formed part of the anti-corruption task team that raided the properties.

"We will only be able to know in a few days what exactly was seized," he said.

In June, the Cape High Court postponed an application by the Estate Agency Affairs Board for a warrant to access Auction Alliance's documents.

Auction Alliance had asked the court to prevent a "warrant-less search" by the board's inspectors.

Comments

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Thu Jun 20 08:36:49 SAST 2013 ::

Aug 8, 2012

tpaz

These are big guys...nothing will happen.
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Aug 8, 2012

Mamamedium

I agree with you, money talks, if they have a client who want your property for less, they will do it, and again for more they will still do it and get more commission. yah neh
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Aug 8, 2012

candilious

See education & knowlege plays a big role in your life , this is some serious Moolar we talking about
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Aug 8, 2012

amlaga

Bo ngamla bana le nyugu e baya
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