Businessman faces losing 7 houses and 4 cars in R16m UIF fraud case

The Special Investigating Unit (SIU) has frozen assets worth R16 million linked to a UIF Ters fraud scheme, targeting a businessman implicated in a major fraud case. The businessman now risks losing seven houses and four cars as he faces allegations of unlawfully benefiting from COVID-19 relief funds.

This move follows a tribunal's interdict against the director of a training company, further highlighting the ongoing crackdown on fraudulent activities related to the UIF Ters program during the pandemic.