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TimesLIVE reports that the Aurora Empowerment liquidators have approached the High Court in Pretoria in an effort to force lawyer John Walker to disclose how much has been collected from Aurora’s debtors, including the directors who were sequestrated.
Among the intended beneficiaries of the monies collected, according to papers filed by the liquidators, are about 1,000 former workers whose battle for payment has been going on for more than 10 years. In the court papers, the liquidators claim they have not received a statement accounting for how the money collected was used. Aurora’s directors allegedly plundered assets before the liquidation, leaving the company unable to pay creditors and employees. In the subsequent sequestration, proceedings were successfully instituted against company directors Khulubuse Zuma, Shamilla Essay, Zobeida Bhana and others. Things, however, took another turn in the present case when the liquidators of the Pamodzi group of companies, which had assigned Aurora to manage its mining operations, applied to be part of the court case on the basis that they had a direct interest in the matter. They claimed that all monies collected were due to Pamodzi because Aurora stripped the mines, causing Pamodzi damage of more than R1.5bn. Walker has been given until 18 January to file his responding affidavit.
- Read the full original of the report in the above regard by Belinda Pheto at TimesLIVE
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