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Reading: Special Investigating Unit Swoops On Alexander Bay Diamonds Company
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The Bulrushes > featured > Special Investigating Unit Swoops On Alexander Bay Diamonds Company
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Special Investigating Unit Swoops On Alexander Bay Diamonds Company

Staff Writer
Staff Writer
Published: August 11, 2022
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The Special Investigating Unit (SIU) on Thursday swooped on Alexander Bay Diamonds Company PTY LTD (Alexander Bay), previously known as Scarlet Sky Investments 60 PTY LTD, and related companies.

The raid came a day after the Johannesburg Magistrate’s Court granted the SIU a warrant to conduct a search and seizure operation.

SIU investigators and Hawks officials raided the offices of Alexandar Bay in Johannesburg.

The law enforcers were looking for any information or evidence regarding an ongoing investigation into wrongdoing at Alexkor, the State-owned diamond mining company.

The SIU was authorised by President Cyril Ramaphosa to investigate allegations of corruption and maladministration in respect of marketing, valuation, sale and beneficiation of diamonds, pursuant to agreements concluded between Alexkor and service providers.

#Newzroom405's @TumaoleMohlaol2 has the latest details from the Special Investigating Unit's spokesperson Kaizer Kganyago as they wrap up their raid at the State Capture accused company Alexander Bay Diamonds.

Watch: https://t.co/uhaRc26SfD pic.twitter.com/SJPSDe29Ub

— Newzroom Afrika (@Newzroom405) August 11, 2022

SIU investigators with the assistance of the Hawks are currently raiding the offices of Alexandar Bay in Johannesburg for information and piece of evidence that will assist with an ongoing investigation relating to the affairs of Alexkor, the State’s diamond mining company. pic.twitter.com/QTW22uVCYL

— Special Investigating Unit (SIU) (@RSASIU) August 11, 2022
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