ACC FREEZES SIBUSISO SHONGWE’S 11 ACCOUNTS

MBABANE- The Anti- Corruption Commission (ACC) has obtained an order to freeze 11 bank accounts belonging to erstwhile Minister of Justice and Constitutional Affairs Sibusiso Shongwe and his law firm.

Shongwe is currently languishing in custody after he was denied bail by the High Court.
The order to freeze the accounts comes after the commission moved an exparte application at the High Court.

An exparte application is one that is moved without informing the other party.
In its application the commission stated that it had since established that the E2 million that was deposited into Shongwe’s law firm Trust account was being depleted.

The commission further submitted that it established that Shongwe linked the account of his law firm with other accounts in his name and he was the sole signatory in all the accounts.
The 11 accounts which had been frozen include his personal account and that of his law firm and they are held with First National Bank – Swaziland, Standard Bank

–Swaziland, Nedbank-Swaziland and Swaziland Development and Savings Bank.
Also to be frozen was the bank account Sekusile Insurance Brokers (Pty) Ltd where Shongwe is a Director and a Share holder.

 ACC Investigator Sipho Mthethwa in his founding affidavit stated that Shongwe was both a public officer as provided for by section 34(4) of the Prevention of Corruption Act (POCA) and ran a law firm which is an accountable institution in accordance with the provisions of section 2 of the Money Laundering and Financing of Terrorism (Prevention) Act of 2011.

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