• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Imvume sues FF+ for defamation

Jul 05 2005 17:22
Johannesburg - Imvume Investment (Pty) Ltd, a black economic empowerment firm, is suing the Freedom Front Plus for defamation, the party said on Tuesday.

Lawyers for Sandi Majali, Imvume's chief executive officer, have already given notice that they intend suing the FF+ for defamation, said Willie Spies, the party's spokesperson on minerals and energy.

"A defamation suit could just have the opposite effect as to what Imvume has in mind," he said in a statement.

Two months ago, Imvume obtained a court order gagging the Mail & Guardian newspaper for revealing that Imvume donated R11m to the African National Congress before last year's general elections.

The money was part of R15m Imvume received from PetroSA as an "advance" for oil condensate which came from Glencore.

Instead of paying the money to Glencore, Imvume allegedly paid it to the ANC as a donation. When Imvume did not pay Glencore, PetroSA allegedly had to duplicate the R15m payment to Glencore.

Imvume lifted the order against the Mail & Guardian after the FF+, using its parliamentary privilege, disclosed the details of the transaction.

"A defamation suit can only succeed if the particulars which had been revealed are incorrect and if it is not in the interest of the public to have the particulars made known.

"In this case we particularly wish that an independent forum such as one of the courts test the truthfulness of the allegations surrounding the Oilgate scandal and the public interest in this case speaks for itself - it is after all R15m of taxpayers' money which is in question," Spies said.

He said Imvume and Majali were central in the Oilgate scandal currently being investigated by the Public Protector.

"Imvume earlier also gave notice that it wants to force the FF+ in court to reveal its source.

"According to a letter from Imvume's lawyers, Barry Aaron and Associates, addressed to the legal team of the FF+, the court documents for the application regarding the revelation of the source of the FF+, will shortly be ready," he said.

oilgate

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

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
0 comments
Comments have been closed for this article.
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...