Pam Golding is under intense scrutiny

CAPE TOWN – The Estate Agency Affairs Board (EAAB) is investigating allegations that top estate agency Pam Golding Properties contravened financial laws when facilitating the sale of properties to two politically exposed Mozambicans, and accepting the proceeds of fraud.

The multi-pronged probe followed reports that the more than R18billion-a-year group allegedly facilitated the sale of properties to the children of former Mozambican president Armando Guebuza, without following legal requirements and allegedly aided money laundering.

The two properties in Dainfern and Kyalami Estate, north of Johannesburg, are said to be worth a combined R50million.

The EAAB will jointly probe with the Financial Intelligence Centre (FIC), the allegations published in a Mail and Guardian report.

Pam Golding Properties’ general manager: real estate operations, Bradd Bendall, said yesterday: “We take these allegations extremely seriously and have commissioned a full and independent external investigation.” He said the group’s own investigation was well under way, but that he was not in a position to comment further at this stage.