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Showing posts with label Mandela faces fraud charges. Show all posts
Showing posts with label Mandela faces fraud charges. Show all posts

Mandela faces fraud charges

Written By JIM SALTY1 on Tuesday, 6 March 2012 | 03:56

The liquidators of Aurora Empowerment Systems, which is accused of asset-stripping bankrupt Pamodzi Gold, will lay charges of fraud this week against Nelson Mandela’s grandson Zondwa, and Ahmed Amod, an attorney for the company. The liquidators are also said to be planning to lay charges this week against Aurora chairman Khulubuse Zuma and possibly other directors under section 424 of the Companies Act, under which directors can be held personally liable for company debts. The charges follow a threat by the liquidators to lay charges of perjury against Thulani Ngubane, a director of Aurora, after he gave evidence at an inquiry.

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