Country of Asset Location
South Africa
Other Jurisdictions Involved
Germany
Action Initiating Asset Recovery
Other procedure
Stage of Asset Recovery
Assets returned
Which authorities or agencies were involved in the asset recovery/return process
The asset freezing/seizure order, preservation order and enforcement order were under the jurisdiction of South Africa (High Court of South Africa: Gauteng Division, Pretoria).
Legal Basis for Asset Recovery in the country of asset location
Non-conviction based confiscation (NCB)
Legal Basis for International Cooperation
N/A
Manner of Asset Transfer
Other
Notes
The manner of asset transfer was payment made to victim in Germany.
The action initiating the asset freeze/seizure was co-operation between ABSA Bank (SA) and Asset Forfeiture Unit (Pretoria).
Assets returned
#1
Assets returned
997,924.00 ZAR
Assets Returned (USD equivalent)
$52,941.86
Date of return
June 2018
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
November 2017
Jurisdiction
South Africa
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
South Africa
Data Source
Official information provided by country authorities