Former Khulubuse Zuma business associate found in contempt of court | The Citizen

📆 8/11/2023 8:03 AM
📰 TheCitizen_News

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

⚖️Khulubuse Zuma's former business associate has been found in contempt of court for failing to hand over two vehicles to Standard Bank🚔🏦💶 TheCitizenNews StandardBank crimeinsa corruption Catch up on the story⬇️

Contempt order

The Shamases’ lawyer then entered negotiations to settle the outstanding vehicle loans owed to Standard Bank, though these were not honoured. The following month the Glenvista property was sold for R2.85 million, which went to settle a home loan of R3.4 million.In October 2022, the Shamases filed an answering affidavit in the contempt case and a recission of the previous order won by the bank in the Pretoria High Court.

The bank later recovered the eNatis documents from Shamase. The court found that the mere handing over of the eNatis certificates to Dr Shamase did not result in a transfer of ownership.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Stolen money': Zuma must pay back millions in legal fees funded by Louis Liebenberg - inquiry | BusinessFormer president Jacob Zuma must pay back the millions of rands his legal team received from outspoken Gauteng diamond dealer Louis Liebenberg, an insolvency inquiry has found. | JanTamb News24_Business
Source: News24 - 🏆 4. / 80 Read more »