Sunday world reports that FNB Bank has repossessed the Rolls Royce Dawn of construction Mogul, Edwin Sodi, which he financed in 2017.
The newspaper says Sodi was supposed to pay R85 000 per months installments to the bank for the Rolls Royce Dawn over 71 months.
The amount was made up of R5 5 million principal debt, R1 Million VAT and R2, 9 Million finance charges.
The bank approached the court as Sodi is in arrears for the amount of R1, 1 million.
Sodi was arrested by the Hawks in September 2021, which marked the beginning of the collapse of his empire.
Please read the full story in today’s Sunday World Newspaper – 29 December 2021.