Sandile Majali was arrested by the SAPS Commercial Crimes Unit on Thursday afternoon for alleged fraud. This followed an investigation after the directorship of mining company Kalahari Resources was changed from Brian Amos Mashile and his sister Daphne Mashile-Nkosi to a group of eight individuals including Majali, the unit said in a statement. 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 High Court in Johannesburg last month. The court ruled that Cipro reinstate the siblings as directors of the company. Reacting to the news of the arrest, Mashile-Nkosi told Sapa that she was relieved. “I feel exonerated and energised that the criminal justice system in my country is working - it may be slow but the wheels of justice are beginning to move ... now it's for the court to decide.”
Kalahari Resources owns a 40 percent stake in Kalagadi Manganese, the mining company developing an R11-billion manganese mine and sinter plant in the Northern Cape, as well as a smelter at Coega. The Industrial Development Corporation owns 10 percent of Kalagadi Manganese, while steel producer ArcelorMittal owns the remaining 50 percent stake. Majali came into the public eye following his role in the so-called Oilgate saga that saw him “donate” R11-million of PetroSA's funds to the ANC ahead of the 2004 elections. According to a police spokeswoman who did not wish to be named, four members of the group - including Majali - have been arrested and police were “hot on the heels” of the other four. “The arrests have been a collaboration between the police, the Hawks and a private investigator appointed by Kalahari Resources.”
The spokesperson said the four would appear in court on Friday but could not supply further details.
Source: IoL
No comments:
Post a Comment