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Shaky ground: Property magnate embroiled in police investigation of R70m alleged ‘land flip’.

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The Gauteng government bought a Midvaal farm for more than ten times the price it was sold for only a few years prior. The R70-million transaction was a windfall for the middleman, property tycoon Rali Mampeule, whose company was paid out R44-million in “commission” on the deal. Now the police are investigating, but Mampeule insists he’ll be vindicated.

The post Shaky ground: Property magnate embroiled in police investigation of R70m alleged ‘land flip’. appeared first on amaBhungane.

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