Cape Town – The Special Investigating Unit (SIU) has secured a preservation order freezing two luxury properties worth more than R15 million belonging to former Prasa Group CEO Tshepo Lucky Montana, alleging they were bought with funds linked to Prasa’s controversial R5.6 billion Integrated Security Access Management System (ISAMS) contracts.
The Special Tribunal barred Montana from selling or transferring the Hurlingham property in Johannesburg, purchased for R13.5 million, and the Waterkloof property in Pretoria, bought for R2.25 million, while the SIU pursues civil recovery proceedings.
#SIUWorkingForYou| SIU SECURED ORDER TO FREEZE FORMER PRASA CEO’S PROPERTIES LINKED TO A R5.6 BILLION IT TENDER
The Special Investigating Unit (SIU) secured a preservation order from the Special Tribunal ordering the preservation of two multimillion-rand properties linked to… pic.twitter.com/HS4Ku7l1bT
— Special Investigating Unit (SIU) (@RSASIU) July 26, 2026
The SIU said its investigation uncovered a “direct and uninterrupted” money trail from Prasa contractor Siyangena Technologies, through intermediary companies, to attorneys’ trust accounts used to purchase the properties.
Investigators also found that Montana’s lawful income could not account for the acquisitions.
“This order is an important step in safeguarding assets while we pursue recovery of financial losses suffered by the state,” the Unit said, according to The Citizen.
Montana is expected to appear before the Special Tribunal on 11 August to oppose the interim order, while the SIU has been directed to institute main proceedings within 30 days.
The unit said it remains committed to recovering state losses, investigating corruption at Prasa and referring any criminal evidence to the National Prosecuting Authority.
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Compiled by Betha Madhomu
