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State capture accused pleads guilty to R66-million fraud and money laundering scheme [SOUND]

# The National Prosecuting Authority welcomes the conviction of state capture accused Yakub Bhikhu, who pleaded guilty to 81 charges including fraud, money laundering and tax violations. The Pretoria Regional Court sentenced Bhikhu to ten years in prison, with five years suspended, and ordered him to repay 300-thousand-rand to Transnet. The Investigating Directorate Against Corruption spokesperson Henry Mamothame says Bhikhu’s company, Homix, was fined 500-thousand-rand suspended on condition of no further offences:

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