The multimillion-rand Augusta A119, piloted by Lutzkie, was found on Friday camouflaged with branches and smeared with mud.
Several large-calibre cartridges were found inside the aircraft.
The helicopter's tail rotor, blades and skids had been sawn off and hidden nearby.
The crash occurred near the McCarthy's Rest border post, near which several rhino farms are situated.
Though Lutzkie, a renowned boxer and cage-fighter, claimed the sawing off of the rotor blades and skids was to avoid vandalism, The Times has learned that the crash is being investigated by the Northern Cape Organised Crime Unit and the Green Scorpions.
Lutzkie, a director of the Lutzkie group of companies, has been linked to several dubious property deals and was fingered in last year's disappearance of Gauteng underworld boss Ralph Haynes.
Lutzkie, who survived an attempted assassination two years ago, yesterday said he was flying low while searching for a farm to purchase.
"There is nothing untoward about what I was doing. People are blowing this out of proportion," he said.
"It was not an accident but an incident. I deliberately put my helicopter on the ground when things went wrong."
He said the disassembly was his prerogative.
"It was to stop vandalism so that the helicopter can be put on a salvage truck," he said.
Police spokesman Captain Cherell Ehlers said detectives had gone to the scene.
"On Friday we discovered the helicopter hidden beneath bushes. The circumstances around the crash are unknown. No arrests have been made. The investigation is now being conducted by the Civil Aviation Authority," she said.
She refused to say what was found in the helicopter.
CAA spokesman Phindiwe Gwebu confirmed the investigation.
She said the crash, if such it was, was not reported until several days after it had happened.
She described this as "strange".
"This will form part of the investigation.
"Our investigators will also look at why the helicopter was camouflaged," Gwebu said.



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