The luxury home of fraud-accused property doyenne Wendy Machanik will go under the hammer next month, an auctioneer said on Monday.
The multimillion-rand Sandton home will be auctioned in an urgent sale on July 15, Auction Alliance spokesperson Craig Berman said in a statement.
The luxury house, built in 2004, was designed by internationally renowned architect Bridget Grosskopff.
“…The superb home is situated on a double stand in a secure, gated complex … and features four bedroom suites that surround an open atrium with water features.”
It has a glass-enclosed rim-flow pool, large entertainment area and walk-in cold room. The auction has aroused “considerable interest” from local and international buyers.
Machanik and the chief financial officer of Wendy Machanik Property Holdings, Bruce Bernstein, currently stand accused of fraud totalling R28-million. They allegedly transferred the money from Wendy Machanik Property Holdings to a fictitious account.
Machanik allegedly used this money to keep her company afloat, and for personal expenses.
She and Bernstein are out on bail of R25Â 000 and R5Â 000 respectively. They are expected back in the Johannesburg Specialised Commercial Crimes Court on July 21. — Sapa