The charges against former ANC Nelson Mandela Bay regional secretary Luyolo Nqakula and nine others were dropped on Thursday in the Gqeberha magistrates court.
Various lawyers for the accused filed a section 174 application last year to have the charges dismissed on the basis that the state failed to establish a prima facie case.
Magistrate Vusiwe Mnyani granted Nqakulas application and found his co-accused HT Pelatona Projects owner Morne van der Linde, businesspeople Xolani and Nwabisa Masela, Port Alfred businesswoman Nonpumezo Ngotsha and her company Thuthiko Logistics, and former DA councillors Mbulelo Manyathi, Trevor Louw and Neville Higgins not guilty of all charges.