Mother refunds son swindled monies

2009-11-28 11:07

A BENEFICIARY of a trust account who was swindled of about R40?000

by his own mother has received his share of the money.


In April this year Bongani Ngubo* of Johannesburg complained about

an apparent struggle to benefit from a trust account that had been set up after

his ­father’s death.

 He was 13 years old when his father died and his mother

told him that he and his three siblings would receive their share of the benefit

upon reaching the age of 21.


When the youngest brother turned 21 Ngubo asked his mother about

the benefits but she could not adequately explain the reasons for the

delay.


Hotline investigated the matter and found that Alexander Forbes was

the administrator of the trust account.


The company claimed that Ngubo’s share of the trust had been paid

out in 2007 after he had ordered them to release his share but Ngubo has denied

this.


Alexander Forbes provided Hotline with proof that three separate

payments had been made into Ngubo’s bank account and that the payments were made

in February, April and August 2007.


Ngubo insisted that he had not received the money and it later

turned out that his mother had made the withdrawals and pocketed the money.

“I

was young at the time and a bit ignorant. Maybe I trusted my mother too much but

now I’ve learnt my lesson,” said Ngubo.


His mother finally admitted to making the withdrawals and agreed to

pay back the money.


At the time Ngubo had already received 50% of his share from the

trust account and his mother promised to pay back the remaining balance the

following week.


A few weeks ago he contacted Hotline to confirm that she had kept

her promise. However, his relationship with his mother had suffered because of

the incident.


“It will take some time before I trust her again,” said Ngubo.


* The complainant’s identity has been withheld to avoid any further

tension among family members.

 

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