Julius Malema’s legal and financial troubles keep on mounting. This morning his Limpopo farm, which is said to be worth R4 million, will go on auction at 10:30. When Malema was expelled from the ANC last year, he indicated that it was not the end of the world for him as he was planning to venture into the farming business. However, his farm was confiscated by the Asset Forfeiture Unit in March after if was established that it was acquired fraudulently.
The Independent Online reported that Malema begged the curator of his estate to stop the farm from being auctioned. However, his plea was unsuccessful.
The auctioning of his farm comes a month after that of his Sandton mansion. His mansion, which was still under construction, was sold for R5.9 million in order to cover the R16 million tax debt he owes to Sars. Malema had bought the house for R3.6 m, demolished it and started rebuilding the house of his dreams.
It was reported that the buyer of his mansion was his childhood friend. However, he denied those claims, saying they do not know each other. Earlier this year, his household contents and his Mercedes Vito were also sold. It is unknown if he still has any valuable property that can be sold to cover his Sars debt.
On Thursday last week Malema appeared in court for slapping two guys. He was released on warning and his case postponed to 2 July. A report by the Sunday World alleges that in that incident “Juju pulled out a knife”. However, he has denied those allegations. On the 20th of June, Malema will appear in the Polokwane Magistrate’s Court on charges of fraud, corruption, money laundering, and racketeering.