R198m fraud: Businessman Jabulani Mabaso acquitted

1mabaso R198m fraud: Businessman Jabulani Mabaso acquitted

KwaZulu-Natal businessman Jabulani Mabaso has been acquitted by the Pietermaritzburg High Court of six charges relating to alleged tender irregularities.

Mabaso originally faced 18 fraud and forgery charges totalling R197 466 837, concerning the supply of stationery to the KwaZulu-Natal education department, but in March the state conceded that 12 of these could not stand.

After his acquittal today, Mabaso said the marathon trial had cost him about R9 million.

He would now apply to the Asset Forfeiture Unit to release R80 million worth of assets, including a hotel in Umhlanga Rocks and houses.

Mabaso was initially charged over allegations that the department had been defrauded through the fabrication and inflating of invoices at Mabaso’s behest.

Acting Judge Kobus Booyens found that there was not enough evidence to prove that his actions, and those of his company Indiza Infrastructure Solutions, had prejudiced the department.

Indiza procured stationery and supplied it to schools.

Mabaso blamed his competitors for instigating the prosecution against him.

The post R198m fraud: Businessman Jabulani Mabaso acquitted appeared first on City Press.

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