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Aurora directors found guilty

Jun 25 2015 10:05

Pretoria – The High Court in Pretoria has found the directors of Aurora Empowerment Systems, including President Jacob Zuma's nephew Khulubuse Zuma and former president Nelson Mandela's grandson Zondwa Mandela, guilty of stripping the assets of the liquidated Pamodzi Gold's mines.

All the directors were held liable for damages.

Zuma was found guilty of reckless management and was held liable for costs after December 1 2009.

READ: Zuma nephew: I am not answerable for Aurora

Aurora was liquidated in October 2011. The directors were accused of stripping the assets of the liquidated Pamodzi Gold mines in Springs, Gauteng, and Orkney, North West. They were also accused of causing the loss of more than 5 300 jobs.

READ:

Investors used Aurora as their cash cow

Aurora workers starve as ruling ignored

Aurora was appointed to take over the management of two of Pamodzi Gold's mines in Gauteng and the North West after that company was liquidated in 2009.

aurora  |  pamodzi gold  |  khulubuse zuma  |  mining
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