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Aurora stuns with R15m refund claim

Johannesburg - Aurora Empowerment Systems has requested it be refunded R15m by the Joint Provisional Liquidators (JPL) of Pamodzi Gold’s East Rand mine, a development that has drawn the ire of unions and provoked a fierce response from the nominated liquidators.

The R15m was paid by Aurora Empowerment Systems to the JPL after it was nominated the successful bidder for the Pamodzi Gold mines in October, 2009. Aurora Empowerment Systems now claims it should be repaid because its preferred bidder status was cancelled on May 26 this year.

Acting on behalf of Aurora Empowerment Systems, Amod’s Attorneys wrote in a letter dated August 8: “As you are well aware our client’s deposit is a post-liquidation expense and in terms of the insolvency act is deemed a secured creditor of the estate having a preferred right over the proceeds”.

To read more click here.

 
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