Khulubuse, others face criminal charges – liquidators

2013-03-27 16:49

President Jacob Zuma’s nephew, Khulubuse Zuma, former president Nelson Mandela’s grandson Zondwa Mandela and other Aurora directors are facing criminal charges, according to an interim report of the liquidators.

Other Aurora directors including President Jacob Zuma’s lawyer, Michael Hulley, Sheshile Ngubane and Dato Raja Zainal Alam Shah also face criminal charges, which liquidators have referred to the police’s serious economic crimes unit.

Aurora directors may face more charges as liquidators will conclude the Master of the North Gauteng High Court insolvency inquiry into the company’s Orkney and Grootvlei mines in the next month and are expected to make recommendations for further action to the SA Police Service based on the testimony and interrogation of witnesses.

Aurora directors also face charges of allegedly fraudulently transferring the company’s funds into their bank accounts.

In his interim report, before Parliament’s Portfolio Committee on Mineral Resources, joint liquidator Wayne Gibbs says he has issued Companies Act section 424 summonses to all Aurora directors for acting recklessly with the intention to defraud its creditors.

The cases against Zuma, Mandela and other Aurora directors will be heard in August.

The group is opposing the charges, which relate to the asset stripping of Aurora.

The liquidators have also filed an action against the Aurora directors for the looting, with particulars of the claim already drafted. The trial has been set for 2015.

Gibbs’ interim report states that Aurora’s mines were stripped of their assets and despite undertakings by the company, employees and creditors were not paid and gold produced remained unaccounted for, water polluted and several alleged irregularities occurred.

Aurora acquired Pamodzi Gold’s assets in October 2009 and by June 2011, Master of the North Gauteng High Court instituted the inquiry.

The liquidators are claiming R24 million from nine Aurora creditors although there is no guarantee the amounts will be recovered in full.

A spokesperson of the Aurora directors could not immediately be reached for comment.

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