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Madzonga, along with Matodzi and you may Ramavhunga, received monthly obligations away from Vele Petroport on the quantity of R300 100

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  • Madzonga, along with Matodzi and you may Ramavhunga, received monthly obligations away from Vele Petroport on the quantity of R300 100

Madzonga, along with Matodzi and you may Ramavhunga, received monthly obligations away from Vele Petroport on the quantity of R300 100

Mathopo, who later deposed to an enthusiastic affidavit saying that Mr Madzonga questioned your to help you depose to a keen affidavit wrongly alleging the faith monies Mathopo paid down in order to Vele are that loan so you’re able to your

Vele Petroport try a joint venture between a few entities, Mmapilo Oil (Pty) Ltd and you will Belton Park Exchange 134 (Pty) Ltd. Mr Madzonga was the new Chairman off Vele Petroport. So it fee from R300 000 was developed over eight months. Centered on Rooplal, Vele Petroport try a business without earnings plus it made these types of payments thru an actually-expanding overdraft which was cleaned on using a fake clearing regarding overdrafts.

Mr Madzonga claims https://perfectloans24.com/payday-loans-wy/dubois/ he try seconded of Vele so you can Vele Petroport so you can advance an empowerment price involving Vele, Mmampilo Investments (Pty) Ltd and you can Belton Playground, and that eventually collapsed. The guy acknowledges acquiring percentage out-of ‘remuneration’ away from Vele Petroport but alleges that he didn’t discover of which membership people monies originated in.

For that reason, where there’s a bona-fide and genuine disagreement on if good respondent for the sequestration legal proceeding are in debt into the applicant, the new court is to as a general rule dismiss the application. This is basically the thus-entitled ‘Badenhorst rule’.

This type of factors, taken along with his large-ranking ranks within this VBS, Vele, or other related entities, with his training, education and you will sense, allow it to be inconceivable which he is ignorant of fake design that the financial institution decrease victim

Mr Madzonga denies that he knowingly benefited in the fraudulent system and you can denies one such as assets when he is the owner of is sick-received development regarding one design. Their adaptation try full of contradictions, he had been intimately involved in the individuals and you will agencies doing work in the brand new system, and then he drastically benefitted from the program. In my opinion, Mr Madzonga’s denials are incredibly untenable that they do not increase a bona fide, legitimate disagreement of-fact and you can fall getting denied into the records.

Mr Madzonga tries to believe in new declaration of the Terry Motau South carolina in which he stated that he was perhaps not when you look at the good updates and work out a definitive finding to what specific role Mr Madzonga played throughout the fraudulent scheme. In this regard, Terry Motau South carolina approved your ‘general looting regarding VBS’ failed to happen when you’re Mr Madzonga is a worker out of VBS, however, exercise planned your principal recipient of one’s looting are Vele, from which Madzonga is COO and you may President. The newest dependence on the Motau Statement is misplaced, as it cannot exonerate Mr Madzonga. In fact, Terry Motau Sc discovered that ‘Madzonga’s denial of any training or wedding on scams and you may thefts rings empty. Exactly what, however, is quite simple is the fact Madzonga try very compensated to possess any kind of is actually are which he performed.’

Then, the problem which have Mr Madzonga’s dependence on brand new Motau Statement is actually that Terry Motau South carolina did not have a comparable facts just before him that was set before this Courtroom. Such, even though the guy receive the newest Madzonga’s reasons of R15 mil constituting a loan of Mathopo not very likely according to research by the related documents, he failed to interview Mr.

In any event, the challenge I have using this type of conflict from Mr Madzonga are the results regarding Motau Report compensate an irrelevant opinion within these legal proceeding. Into the Graham v Park Mews Looks Corporate , the new Large Courtroom said as follows:

‘ Truth be told there is apparently a general signal that findings of another tribunal cannot be familiar with show an undeniable fact during the a following tribunal. I additionally find zero analytical reasons why the application of it laws cannot be lengthened to your results, purchases and you can honors of almost every other tribunals, so as to exclude the new advice off triers of fact during the this type of procedures during the municipal or violent issues.’

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