Stanfield wife, Nicole Johnson, spends R5m on Sea Point flat while in prison

Daily Maverick

Nicole Johnson, awaiting trial for money laundering and racketeering, purchased an unbonded R5-million flat on the Atlantic Seaboard, raising concerns about a legal loophole allowing developers to make direct sales without due diligence. The transaction highlights vulnerabilities to money laundering in property deals, especially with increased scrutiny on anti-money laundering measures.
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