Canyon Springs’ liquidators have advised law firm to claim large chunk of promised pension refund.
Enoch Godongwana and his wife Thandiwe are party to the loss of millions in workers’ pension fund money.
Why has Economic Development Minister Ebrahim Patel let off the hook by the Canyon Springs investigation into union workers’ missing pension funds?
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/ 26 January 2012
An independent actuary told the Canyon Springs Investments 12 insolvency inquiry how she found irregularities in investment statements.
Jailed Trilinear boss Sam Buthelezi has refused to give evidence to the Canyon Springs insolvency probe, citing his legal representative’s absence.
The probe into how R100m of union pension money went missing will move to prison — to hear testimony from Sam Buthelezi, a key player in the scandal.
The DA has accused Sactwu of shielding Economic Development Minister Ebrahim Patel from the fallout of R100-million worth of workers’ pension funds.
Officials say minister left before he was pushed as case into missing worker millions continues.
To the tune of a well-known patriotic Cuban song, a group of workers sang the praises of Wayne van der Rheede, the deputy general secretary of Sactwu.
The inquiry investigating the loss of R100-million of clothing workers’ pension funds has subpoenaed the bank records of the Trilinear group.
Richard Kawie’s evidence is regarded as crucial to the inquiry into the missing pension fund money.
Lawyers on the inquiry into the loss of R100-million of clothing workers’ pension fund money are submitting an application to the WC High Court.
Bank records subpoenaed by the liquidation inquiry indicate that Richard Kawie used borrowed pension-fund money to fund a lavish lifestyle.
Enoch Godongwana has told a closed liquidation inquiry that he expected to earn an annual salary of R1.5-million when he chaired Canyon Springs.
Concerns have been raised about why the office of the Master of the High Court did not appoint a liquidator to take over Canyon Springs Investments 12
Deputy Minister Enoch Godongwana is embroiled in controversy about his role in the disappearance of millions of rands of workers’ retirement money.
Former Sactwu consultant, Richard Kawie, is alleged in court papers to have been paid R8-million for his work as a consultant.
Sactwu officials say that about 20 000 workers are affected by the missing pension funds, but others claim many more workers stand to lose.