National African Federated Chamber of Commerce and Industry (Nafcoc)’s troubled investment company, Silver Vanity is once again entangled in allegations of fraud.
Last week Sello Kgolane, one of the company’s former directors, submitted a complaint to the Companies and Intellectual Property Commission (CIPC) requesting the organisation investigate his alleged fraudulent removal as a director and threatened legal action if it failed to do so.
The complaint, which includes attachments detailing the allegations from 2015 and a police case number about the matter, also contains a copy of what looks like an identity document with Kgolane’s details but bearing a photograph of an unknown person.
The bundle of documents also includes an affidavit deposed by former Nafcoc President and current director of Silver Vanity Lawrence Mavundla in which he was alleges the change removal of Kgolane was facilitated by the company’s senior officials.
It also states that in October 2015 he (Mavundla) was informed by the company’s chief executive Gilbert Mosena and company Secretary Mary Baggott that a consultant has been hired to facilitate the removal of Kgolane because he was viewed as “one of the rebels from a faction that did not support the then leadership of Nafcoc”.
Mavundla was president of Nafcoc at the time.
“Several weeks later, in November 2015, Mosena and Baggott, in a meeting, showed me documents of the company which showed that Mr Kgolane and other ‘rebel’ directors had been removed.
“They confirmed that the consultant, whom they had hired, had effected the changes. Based on the above, I have no doubt that the removal of Kgolane was initiated, sanctioned and authorised by Mosena and Baggot,” the documents reads.
Kgolane confirmed he laid the complaint and the CIPC had allocated an investigator to the matter.
CIPC Spokesperson Tshiamo Zebediela confirmed the complaint was received and an investigator allocated.
“The complaint was allocated to an investigator who must assess the complaint and decide on the way forward,” Zebediela said.
Mavundla also confirmed the affidavit and further said he had deposed it to confirm and not accuse Mosena and Baggott.
Mosena did not respond to questions sent to him while Baggott said the matter was handed over to CIPC, the police and Silver Vanity shareholders.
Gauteng Police Spokesperson Lungelo Dlamini confirmed that a case of fraud was opened in Pretoria.
Earlier this year another fraud case was reported against all the Silver Vanity directors by one of the trustees of the shareholder trusts.
Meanwhile the president the organisation elected last year, Sabelo Macingwane, has lost an urgent application to have the decision by the Nafcoc Council to dismiss him as president set aside.
The decision was taken after two factions of the organisation held two parallel meetings at different venues and each took the decision to dismiss the other.
The urgent application judgment stated that he failed to convince the court the matter was urgent and he was ordered to pay the costs.
According to Skhosana, Mosena has been appointed the acting president.
However, Macingwane told City Press he remains the president until the matter is heard by the court.
Macingwane’s lawyer Xolani Njokweni said the matter is set to return to court in October.