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Edwin Sodi buys R75 million mansion back

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Edwin Sodi buys R75 million mansion back

Businessman Edwin Sodi has reportedly bought his R75 million Morningside mansion back from the Asset Forfeiture Unit (AFU).

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Popular businessowner Edwin Sodi reportedly bought back his Morningside R75 million mansion back.

EDWIN SODI BUYS AND SELLS R75 MILLION PROPERTY

Sunday World reports that Edwin Sodi bought his mansion back from the Asset Forfeiture Unit (AFU) and put it up for sale.

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The publication adds that National Prosecuting Authority’s (NPA) spokesperson Mthunzi Mhaga confirmed that Sodi bought back the mansion.

Mhaga told the publication that Sodi paid cash for the house, is selling it and the mansion was released from the restraint order.

“Sodi is selling the house. Sodi paid cash to the equivalent of the price of the house, and after, the house was released from the restraint order.”

“The funds are safely kept by the curator until the finalisation of the criminal case,” Mhaga added.

The AFU, which is a division of the NPA reportedly took Sodi’s mansion and his assets due to fraud allegations.

His assets included 29 cars, 27 properties, 19 active accounts, and household goods owned by the businessman and his company, Blackhead Consulting.

BUSINESSMAN: MANSION FOR SALE

Tech Financials reported in February that the Morningside mansion, which once belonged to Edwin Sodi was listed on the market for a whopping R75 million.

According to Lynn Estate website, the mansion boasts a grand double volume entrance hall, glass door, floating staircase and marble fireplace.

His house is 4000 square metres in size, has five bedrooms and five bathrooms. It also features a 20-seater fire pit, outdoor cinema and built-in bar with cigar lounge. The house also includes a spacious family room, gym, walk in closet, jacuzzi and a pool with deck.

The Citizen also reported in February that the tenderpreneur is implicated in a string of botched tenders. This is after Sodi failed to deliver on his R295 million tender contract. The contract was meant to upgrade and refurbish the ageing infrastructure of Tshwane’s Rooiwal Wastewater Treatment Plant.

The Rooiwal wastewater treatment contract is being investigated by the Special Investigating Unit. Sodi will appear at the high court in Bloemfontein for the start of trial on 15 April. He faces charges of money-laundering and corruption relating to the botched asbestos tender.

 

The South African reached out to the NPA on Wednesday for a comment, who were not available for a comment.

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