TimesLive reports that criminal investigations into the alleged plundering of Pamodzi s mine assets have gained momentum as the Hawks try to extract statements, under warning of prosecution, from those implicated.
In 2009, Aurora Empowerment Systems - co-owned by President Jacob Zuma's nephew, Khulubuse Zuma, and Nelson Mandela's grandson, Zondwa Mandela - took over the Pamodzi gold mines on the East Rand and in Orkney after the provisional liquidation of the proprietary company. The Supreme Court of Appeal in May upheld a Pretoria High Court ruling that Aurora's directors had acted recklessly and fraudulently when they took control of the mines, and should be held personally liable for damages amounting to R1.7-billion. The judgment paved the way for Aurora directors to be criminally charged for corruption and the mismanagement of the two mines.
- Read this report by Sipho Mabena in full at TimesLive
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