/ 9 July 1997

Boesak and co-trustees sequestrated

WEDNESDAY, 4.30PM

ALLAN BOESAK and his co-trustees in the defunct Foundation for Peace and Justice were on Wednesday sequestrated in the Cape High Court.

Boesak, Jan de Waal and Pierre van der Heever were placed under provisional sequestration in May. As no one opposed the provisional order, Justice Chetty on Wednesday granted FPJ creditor Boland Bank a final sequestration order against the trustees.

In court papers Petrie Burger, the bank’s credit control manager, said the foundation had overdrawn its account by R295 403,35 and owed the bank this sum plus interest. Jan Kock van der Merwe, the bank’s credit control group manager, said a sequestration order would be in the creditors’ interest and the appointment of an independent curator would oversee an investigation of the foundation’s assets and affairs. He said Boesak had told him that apart from money owed to the bank, about R100 000 was owed to other creditors.

Boesak and the foundation’s former bookkeeper, Freddie Steenkamp, will stand trial next month on 32 charges of theft and fraud involving some R9-million.