amcu thumb medium80 81City Press reports that the Association of Mineworkers and Construction Union (Amcu) has partnered with the Alternative Information and Development Centre (AIDC) and human rights attorney Richard Spoor to chase billions of rands allegedly siphoned from Samancor Chrome almost a decade ago through what they claim to be fraudulent and profit-shifting transactions.  

Amcu president Joseph Mathunjwa, along with the AIDC and Spoor, announced last week the start of the court battle to investigate a number of transactions during which it is claimed that Samancor, including its workers’ trust, which is a shareholder, lost billions.  Mathunjwa said the case was the culmination of three years of work triggered by, among other things, the mine’s reluctance to grant the union recognition rights.  “This current case came to our attention when we saw suspiciously low returns on the Ndizani workers’ employee share ownership plan at Samancor.  We started investigating and asked the AIDC to assist in the process,” Mathunjwa said.  However, Amcu only set the ball rolling after Miodrag Kon, a former director of Samancor, approached the union last year with explosive claims about the alleged siphoning off and profit shifting by Samancor.  Mathunjwa also announced that the union had offered R100,000 to any credible whistle-blower who came forward with valuable information.

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