Terry Pheto Releases Statement On Fraud Investigation Allegations

Terry Pheto Releases Statement On Fraud Investigation Allegations. On Friday, City Press reported that actress Terry Pheto was involved along with other seven people in an alleged fraud in a lottery scheme which is allegedly being investigated by SIU.

The Special Investigation Unit had reportedly obtained a high court order to freeze luxury properties, cars, and two restaurants valued at about R25-million, belonging to a couple of individuals including Terry Pheto. The Unit has explained Terry’s alleged involvement saying, “Her name come into the fold when we were tracing the money and we ended up in this property that is owned by her and that is why her name is attached to this because we were tracing the money that was supposed to have gone to an NPO, to other people, and ended up being used to buy the property that she owns,” SIU spokesperson Kaizer Kganyago said in a statement.

The actress released her own statement over the weekend regarding her alleged involvement in the case and shared her side of the story. “I am dismayed to discover I am the subject of a Special Investigation Unit (SIU) probe into the allegations of fraud relating to funding by the National Lotteries Commission. I deny any involvement in the alleged scheme that has been reported on. I also had no prior knowledge of an application to obtain a preservation order against me and have had no sight of this order. I hold the law in high regard and will cooperate fully with this investigation in an open and transparent manner,” Terry said.

The actress continued and revealed how the allegations have affected her saying, “This is a difficult time for me .I would like to thank everyone for their unwavering messages of support.”