The Asset Forfeiture Unit will return the assets it seized from Durban businesswoman Shauwn Mpisane and her husband Sibusiso in 2012, the National Prosecuting Authority said.
“The AFU [Asset Forfeiture Unit] and the respondents have… agreed to the rescission of the restraint order and, therefore, the release of the restrained assets,” the NPA said in a statement.
“The parties have further agreed that the Mpisanes will not dissipate the value of their estate to a value of less than the R70-million that had been restrained.”
The Mpisanes’ assets were frozen in Febraury 2012 after Shauwn Mpisane was accused of inflating supplier invoices by nearly R5-million in a bid to cut her company’s tax bill. Mpisane was also accused of violating the Close Corporations Act by remaining the sole member of her company when she had a previous fraud conviction.
Mpisane was cleared of the charges against her after the National Director of Public Prosecutions withdrew the charges against her.