It ended in tears as Tsotsi actress Terry Pheto’s luxury home gets auctioned after theft allegations

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An auction is simply a public sale in which the property is sold to the highest bidder. The decision to purchase property, whenever on auction or otherwise, should never be taken lightly. Generally, property sold on auction is sold “as is”, meaning along with its defects and issues, whether visible or not.

Terry Pheto is a South African actress best known for her leading role as Miriam in the 2005 Oscar-winning feature film Tsotsi.

And she was born Moitheri Pheto, raised in a shack in Soweto until the age of 21, she was spotted by casting agent Moonyeenn Lee in a theatre group in Soweto during the casting process for Tsotsi.

The star has appeared on many other films and TV shows both locally and internationally.

Terry grabbed the viewers’s attention when she appeared on one of the world acclaimed and long running television soapies, The Bold and The Beautiful.

Meanwhile the luxury house of internationally acclaimed actress which was built with funds linked to siphoning of the National Lottery Commission (NLC) grant funding went under the hammer on Thursday morning.

The auction comes after a preservation order granted by the High Court of South Africa, Gauteng Division, Pretoria, to the Asset Forfeiture Unit (AFU) and the Special Investigating Unit (SIU) on November 4 2022 to freeze Pheto’s Bryanston home.

According to the SIU, investigations have found that the money used for the purchase of the land and construction of the home came from nonprofit organisations that received NLC funding meant for the roll-out of a public campaign and culturally sensitive medical intervention projects aimed at achieving traditional circumcision practice.

The auctioning of Pheto’s home is a continuation of the implementation of the SIU investigation outcomes and consequence management to recover assets and financial losses suffered by state institutions and or to prevent further losses, said the SIU.

https://www.iol.co.za/news/crime-and-courts/tsotsi-star-terry-phetos-lavish-home-built-with-lotto-funds-goes-under-the-hammer-9401eab0-461a-4bd3-81ec-31e9108bd8f7

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