Assets of Rand Gold & Exploration worth more than R2-billion were sold during Brett Kebble’s last year as chief executive, Business Day reported on Monday. It said the proceeds of these sales could not be traced.
These details emerged partly from pre-liquidation applications brought in the Johannesburg High Court by Rand Gold & Exploration.
The purpose of the applications was to recover money or trace assets that went ”missing” during Kebble’s tenure.
A search of share registers by Business Day suggested stock previously held by former Kebble companies had been sold.
A new disclosure suggested criminal action may follow against former executives, the daily said.
A forensic audit is still under way at the Rand Gold & Exploration and JCI, which Kebble quit in August. The mining magnate was gunned down behind the steering wheel of his car in September last year. The police are still investigating the killing. – Sapa