Sandile Majali arrested for fraud

2010-10-21 15:43
Johannesburg - Controversial businessman Sandile Majali has been arrested by the SAPS commercial crimes unit on Thursday afternoon for alleged fraud related to the "hijacking" of a mining company.

In a statement, the unit said this followed an investigation after the directorship of mining company Kalahari Resources was changed from Brian Amos Mashile and Daphne Mashile-Nkosi to a group of eight individuals including Majali.

Majali and seven others allegedly removed Kalahari Resources' directors from the Companies and Intellectual Property Registration Office (Cipro) database in August.

An urgent interdict was brought before the South Gauteng High Court in Johannesburg last month.

The court ruled that Cipro reinstate Mashile-Nkosi and Nkosi as directors of the company.

Majali's arrest follows that of three others connected to the "corporate hijacking".

On Wednesday afternoon, Stephen Khoza, Haralambos Sferopoulus, and Elvis Bongani Ndala were arrested by the commercial crimes unit.

The suspects will appear on Friday at the special commercial crimes court in Johannesburg.

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