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State has to release almost R2.4 million, which it restrained from the multimillionaire building contractor, Rajkapoor \u201cTeddy\u201d Lakraj, who is charged with fraud and corruption, so he can pay for his legal fees. <\/p>\n
Three vehicles \u2013 a 2008 Mercedes Benz R320 (valued at R230 000), a 2006 Toyota Dyna (valued at R82 500) and a 2011 VW Amarok (valued at R276 000) \u2013 and which were also restrained, have to be released to him for his \u201creasonable use\u201d. <\/p>\n
He is not allowed to dispose of the vehicles as they still remain under restraint. Only a 2007 Ferrari F430 F1 (valued at R800 000 which was also part of the restraining order) has not been released for his use. <\/p>\n
This was according to an order granted by the Pietermaritzburg High Court yesterday. <\/p>\n
The assets amounting to almost R79m \u2013 including three properties and the four vehicles \u2013 were restrained in April this year as they were alleged to be the proceeds of crime. If Lakraj is found guilty, they could be confiscated by the State. <\/p>\n
He is charged with 148 counts of fraud and corruption, including using his domestic worker, Nomfanelo Beauty Maqephula, and her daughter, Hlengiwe Maqephula, as fronts to secure contracts from the provincial public works department. <\/p>\n
Yesterday the court ordered the curator, Eugene Nel, to pay R20 675 a month to Lakraj for his living expenses, backdated to March. In addition, R1.1m has to be paid to him for the legal expenses in his criminal case and the restraint court proceedings. <\/p>\n
Another amount of R760 019 has to be paid to him for the legal expenses he has already incurred. A further amount of R342 000 has to be paid to him when the trial starts. <\/p>\n
Lakraj is allowed to apply to the court for more money to be released to him. <\/p>\n
The order was granted on the basis that he had made a full disclosure under oath of all his interests in the properties. <\/p>\n
Through his two companies, Quantum Leap Investments 24 (Pty) Ltd (trading as Teddy\u2019s Construction) and Dreamteam Trading 562 cc (trading as Siyasiza Builders), Lakraj secured 3 000 contracts worth at least R87m from the Department of Public Works over several years. <\/p>\n
Lakraj\u2019s criminal case is pending in the Durban Commercial Crime Court. <\/p>\n","protected":false},"excerpt":{"rendered":"
State has to release almost R2.4 million, which it restrained from the multimillionaire building contractor, Rajkapoor \u201cTeddy\u201d Lakraj, who is charged with fraud and corruption, so he can pay for his legal fees. Three vehicles \u2013 a 2008 Mercedes Benz R320 (valued at R230 000), a 2006 Toyota Dyna (valued at R82 500) and a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[8275,953,2143],"class_list":{"0":"post-15412","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-durban","8":"tag-newspaper","9":"tag-the-mercury","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15412"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}