ID: ARW-530
NDPP in re immovable property held by O I Sunmola (Preservation & Forfeiture)
$150.09K
Assets Returned
Country of Origin
United States
Country of Asset Location
South Africa
Disposition of Criminal Case(s)
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of origin (United States).
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 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
Contributing Factors in Asset Recovery
Other
Specify Other
Multi-agency investigation: South African Police Service: Directorate Priority Crimes Investigation Unit; US Homeland Security, US Postal Inspection Service & Asset Forfeiture Unit (SA)
Notes
The manner of asset transfer was funds repatriated to the US for victim compensation.
The action initiating the asset freeze/seizure was a preservation order. Investigation triggered by Interpol Red Notice and SAPS enq was opened. Affidavits were provided by DPCI and USSS.
Assets returned
#1
Assets returned
2,823,366.00 ZAR
Assets Returned (USD equivalent)
$150,092.93
Date of return
October 2016
Asset Type at Time of Return
Real estate
Other
Specify Other
Immovable property bought with proceeds of unlawful activities. Curator bonis was appointed in the freezing application. Property was subsequently sold by curator bonis and funds repatriated.
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Real estate
Assets Frozen/Seized
#1
Date of freeze/seizure
November 2014
Jurisdiction
South Africa
USD Conversion date
September 2023
Date and Country of Case Submission
2020
South Africa
Data Source
Official information provided by country authorities