Fin24

Aurora's Mandela to face fraud charges

2012-03-05 17:33

Johannesburg - Charges of fraud will be laid against former president Nelson Mandela's grandson Zondwa Mandela and Aurora Empowerment Systems' lawyer Ahmed Amod, Pamodzi Gold lead liquidator Johan Engelbrecht said on Monday.

"The fraud charges result from evidence obtained by the inquiry in terms of Section 417 and 418 of the Companies Act into the trade, dealings and affairs of Pamodzi," Engelbrecht said in a statement.

Documents showed misrepresentations had been made to the securities regulation panel of the Johannesburg Stock Exchange when Aurora intended purchasing Labat shares.

Engelbrecht said the misrepresentations contributed to the delay in allowing the Pamodzi liquidators to cancel the deal with Aurora.

The Pamodzi Gold liquidators would lay charges in next two days, he said.

Aurora Empowerment Systems, led by Zondwa Mandela and President Jacob Zuma's nephew Khulubuse Zuma, was singled out as the preferred bidder for Pamodzi's mines when the company went into liquidation in 2009.

Its management contract was cancelled after the company was accused of destroying infrastructure at the mines and causing the loss of more than 5 300 jobs.

Zondwa Mandela could not be reached for comment.

Comments
  • Shirley - 2012-03-05 17:56

    How some people abuse a surname! Throw the book at him! Its shameful how those miners were treated!

  • Graham - 2012-03-05 18:09

    They will find something to get these two idiots off the hook... It's interesting to see they are also involved with Silk Air....that also cost lots of people lots of money!! I'm willing to bet neither of them get convicted...

      Peter - 2012-03-06 10:13

      Silk Air?

  • appietrader - 2012-03-05 18:09

    Nothing will happen to these guys, too well connected, the case "will go away". More shady deals will be thrown their way. Any bets out there?

  • Christopher - 2012-03-05 18:29

    Just think Zondwa, your Grandfather must really be proud of you!! And I hope for the rest of your life you realised you tarnished your Grand fathers great name. You such a loser and the worst part is your Grand father thinks the same....LOSER

  • Brian - 2012-03-05 18:36

    and why iss showerheads corrupt nephew not charged

      Lara - 2012-03-05 19:09

      Brian, they don't have a prison large enough to hold him.

  • Kevin - 2012-03-05 18:42

    Looks like most of that family have been charged with something at some time in there lives. Hope the courts do a proper job

  • heinrich.crouse - 2012-03-06 00:00

    Silk suit lowlife.

  • Liam - 2012-03-06 11:58

    I don't believe that, if found guilty, Zondwa Mandela should be allowed to bear his family's name. It is a disgrace to the legacy of the hero of our nation...Khulubuse Zuma on the other hand; we could have all seen that coming. haha.

  • roodbol - 2012-03-12 13:25

    This is typical Africa.... don't look after their own, live like kings, jet-set to other countries, busy with 'meetings' [we know they meet to dine and wine], utterly unproductive as a human being, shameful and make NO contribution to the country. Money, money, money. And with 5 suicides resulting from no salaries, kids who cannot go to school, women leaving their husbands.... I say, steal all the copper you can get. Or worse....

  • pages:
  • 1