Businessman Arrested for Money Laundering After Discovery of R1.2 Million


Key Points

  • Eugine Julius Maguga arrested for money laundering and bribery after R1.2 million found at his home.
  • Police discovered the money hidden in various places, including under the bed and in a wardrobe.
  • Maguga’s company, involved in clearing commercial goods, is under investigation for possible illicit activities.

A 49-year-old businessman, Eugine Julius Maguga, has been arrested in Mpumalanga for money laundering after police discovered about R1.2 million in his home. Maguga also faces bribery charges after allegedly offering R50,000 to officers during the raid. His case will return to court for a formal bail application.

Discovery of the money

Maguga’s arrest followed a tip-off about an unlicensed firearm at his property in Tonga, near Komatipoort. When police searched his home on March 16, 2025, they found the large sum of money hidden under the bed and inside a wardrobe. This led to his arrest on charges of money laundering.

Attempted bribery

During the search, Maguga attempted to bribe the officers with R50,000. His offer failed, and the police proceeded with the arrest. Authorities seized the full amount of R1.2 million, which is now part of the investigation.

The charges

Maguga faces several charges, including money laundering, bribery of police officers, and violations of the Prevention of Organised Crime Act and Tax Administration Act. Investigations suggest that Maguga’s business, which clears commercial goods, may be involved in illicit operations.

Investigation continues

Police are investigating the source of the discovered funds and whether they are tied to illegal activities. Mpumalanga’s acting provincial commissioner, Major General Zeph Mkhwanazi, praised the officers involved in Operation Vala Umgodi for their hard work and effectiveness.

Maguga will face court again soon to address the charges. Authorities continue to encourage anyone with further information to assist in the investigation.

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