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Hawks investigate estate board chief

Aug 07 2011 12:43 Sapa

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Johannesburg - The Hawks have been called in to investigate the chairman of the Estate Agency Affairs Board for allegedly receiving R200 000, the Sunday Times has reported.

However, Thami Bolani has denied an alleged conflict of interest and told the newspaper his interest in the company from which he received the money was clearly stated on his CV and was "well known".

Bolani, who is a director of NCF Consulting Enterprises, was apparently paid the money for services and for placing adverts in the bi-monthly newspaper of the National Consumer Forum, which he chairs.

According to the Sunday Times, payments ranging from R17 500 to R35 000, were made over several years.

They amounted to R240 000 between 2009, when Bolani began serving as a board member, to May this year.

The newspaper reported that, according to board meeting minutes, he appeared not to have declared his interest in the company, which could be a violation of the Public Finance Management Act.

Hawks spokesperson Colonel McIntosh Polela told the newspaper the matter was under investigation.
eaab  |  thami bolani  |  property market

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