DA lays charges against Shaik

2011-03-28 22:43

Johannesburg - The DA on Monday laid charges against convicted fraudster Schabir Shaik after reports that he is still listed as a director of a company that was involved in South Africa's arms deal.

Democratic Alliance (DA) federal chair Wilmot James laid the charges at the Johannesburg Central police station, said DA spokesperson Kelly Miller.

The charges were laid against Shaik as his alleged directorship after a fraud conviction was in breach of section 218 of the Companies Act.

The DA wanted the matter investigated by the police.

The Sunday Times reported that Shaik was listed as a director of KobiProp, previously a subsidiary of the Nkobi Group, which was fined for corruption during Shaik's fraud and corruption trial, which ended in 2005.

According to the Companies Act someone found guilty of theft, fraud, forgery, uttering a forged document or corruption cannot hold a directorship.

Shaik is the sole "active" director of KobiProp, according to the Companies and Intellectual Property Registration Office (Cipro).

"As far as I am concerned I had signed all the necessary company resignation documents and would have expected that between the company's internal accountants and auditors, this secretarial matter would have been resolved," Shaik was quoted as saying.

Shaik's lawyer Reeves Parsee told the Sunday Times: "He [Shaik] said he had given his accountants instructions to resign himself from KobiProp. He doesn't know why this hasn't been reflected."

Last year it emerged that former ANC chief whip Tony Yengeni was a director of six companies, despite a corruption conviction.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    da  |  cipro  |  wilmot james  |  tony yengeni  |  schabir shaik  |  corruption

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

As it happened: New Zealand 47-9 Tonga
Fourie: Boks can't be in a better position
All Blacks' deficiencies in the spotlight
All Blacks batter brave Tonga
Traffic Alerts

The phrase for today is:”Out of the blue.” Expect the unexpected and work with the changeable energy. Your intuition is heightened...read more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.