By Johnathan Paoli
The Special Investigating Unit (SIU) said on Wednesday it welcomed a Special Tribunal judgment that kept former National Lotteries Commission (NLC) chief operating officer Phillemon Letwaba’s R2.8 million pension benefits frozen, after he sought to overturn an earlier preservation order.
The SIU said the ruling affirmed the tribunal’s authority to preserve pension funds under the Pension Funds Act, after Letwaba argued the Special Tribunal had no jurisdiction to freeze pension benefits.
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In the judgment, Judge M Victor, President of the Special Tribunal, said: “In the result, the first defendant’s quest to seek the release of his pension fund must fail.”
Letwaba’s legal team argued that section 37D of the Pension Funds Act permits deductions from pension benefits only where “judgment has been obtained against the member in any court”, and
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