Millions of clothing workers’ pension fund money was transferred to the Canyon Springs investment company with only a draft loan agreement in place.
Sam Buthelezi has succeeded in barring journalists from hearing his crucial evidence at the insolvency hearing into Canyon Springs Investments 12.
The Pinnacle Point insolvency hearing has heard that former trade unionist Richard Kawie was introduced to the developers by the Trilinear owner.
Owner of Trilinear appears in court over embezzlement charges.
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 liquidation inquiry investigating the misappropriation of clothing workers’ pension funds has made headway, leading to two arrests.
The inquiry investigating the loss of R100-million of clothing workers’ pension funds has subpoenaed the bank records of the Trilinear group.
Deputy Minister Enoch Godongwana is embroiled in controversy about his role in the disappearance of millions of rands of workers’ retirement money.