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christo scholtz sentenced to 15 years , R60 million assets confiscated

South african business man christo scholtz has been sentenced to 15 years by the Northern Cape High Court Kimberley .Christo scholtz is the ceo of Trifecta group of companies.

It was a long battle

The court finally jailed christo scholtz and his accomplice John block who happens to be the former Northern Cape ANC provincial chairman after a 4 year long of trail.

The two accused were found guilty of corruption and money laundering in October 2015 where government leases exceeding R100 million were facilitated with christo scholtz company the Trifecta group of companies in Kimberley, Upington, Kuruman, Springbok and Douglas, in exchange for monetary favors

Mr christo scholtz will have  R60 million of his assets confiscated.

John Block defunct company, Chisane Investments (Pty) Ltd, was spared from prosecution as it has long been liquidated but have been given 30 days in  to surrender R2 million of his assets to the state and make a deposit into National Treasury’s account

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