Curators
appointed to Imvume boss's company
- 8 July
The Gauteng North High Court has appointed curators to look after New
Era Life, an insurance company. A director of New Era is Sandi Majali,
who is notorious for the role he played with Imvume, the key player in
the Oilgate saga as the company that channeled R11m into the ANC's
coffers. Other New Era directors include : Maria Coelho, Krumchund
Hariparshad, Chupu Mathabatha and Ndabezinhe Mtshali. The auditors are
KPMG. New Era is a company that specialises in funeral policies pitched
at the lower end of the market. It has about 8 000 policyholders. The
curatorship order was granted on Tuesday following an application by the
FSB's executive officer Dube Tshidi. - Moneyweb
website
Majali
‘abused funeral funds'
- 18 July
The Financial Services Board (FSB) wants Oilgate kingpin Sandi Majali
prosecuted for risking the funeral savings of poor people to prop up his
cash-strapped Imvume Resources. This emerges in a damning 122-page
report, which also shows how Majali short-changed the Limpopo government
of millions. FSB insurance boss Jonathan Dixon confirmed that the
report, which concludes that Majali and New Era contravened at least
nine separate laws, will be sent to the SAPS and National Prosecuting
Authority. The FSB placed New Era under curatorship last week because of
Majali’s breaches of governance. - The
Times website
See
also :
Majali
and his lawyer Barry Aaron avoid arrest for money laundering
'Warrant
for ANC funder"
- 6 July
Controversial funder Sandi Majali has avoided arrest for
money-laundering after striking a deal with prosecutors, according to
a report. An arrest warrant was issued against Majali this week in
connection with money-laundering allegations involving a KwaZulu-Natal
tender, according to Talk Radio 702. However, Majali's lawyers had
reached an agreement whereby Majali would make submissions regarding
the money-laundering case while the arrest warrant remained open, said
the radio station. - Dispatch
Online website
Zuma
gets his way with JSC choices
- 20 July
Advocate Vas Soni, who mainly represented the government in his
career, also created controversy when as an acting judge he stopped
the Mail & Guardian newspaper from printing a follow-up story
about oil company Imvume Management and its boss Sandi Majali donating
R11-million to the ANC after a controversial deal with Petro-SA. Soni
found Imvume and Majali's rights to privacy, dignity and reputation
outweighed the newspaper's freedom of expression and press freedom. It
later emerged the story was accurate and the ANC had to pay back the
donation. - IOL
website
Rights
Commission application irks judges - 27 May 2009
Constitutional Court judges yesterday expressed irritation at the
Human Rights Commission which lodged an application to be admitted as
friend of the court a few days before a hearing into the matter
challenging the constitutionality of a section in the Promotion
of Access to Information Act. The case arose out of a request
that Stefaans Brümmer, a Mail & Guardian journalist, made
to the Department of Social Development for access to certain
information concerning the relationship between its then minister,
Zola Skweyiya , and Sandile Majali. - allAfrica
website
[InfoUpdate 11 of 2009]