Savoi Co-Accused Convicted Of Fraud And Money Laundering
The former Head of KwaZulu-Natal Provincial Treasury, Dumisani Sipho Derrick Shabalala, was convicted of fraud, corruption, money laundering and contravention of the Public Finance Management Act (PFMA) in the Durban High Court yesterday. His conviction relates to his receipt of R1.5 million, from Intaka Investments for the acquisition of ‘Wataka’ water purification plants valued at R44 million.