News24

Alexkor fund board threatened with probe

2012-01-24 21:58

Johannesburg - Parliament's mineral resources committee has threatened to hand Alexkor development fund board members to the Hawks for investigation, according to reports on Tuesday.

The committee was struggling to find out what had happened to R18m the fund received from the state diamond mine, SABC radio news reported.

"It should escalate up to the Hawks so that we can get the truth of the matter," committee member Christopher Gololo told the SABC.

The board members had been unable to provide the parliamentary committee with audited financial statements.

The fund was formed to empower the community of Namaqualand with royalties received from the Alexkor mine.