PRETORIA – A confidential forensic report by Paul O’Sullivan’s Forensics for Justice concluded there could be no doubt that land at Huddle Park golf course in Johannesburg that was sold to Investec Bank was wrongly valued. The transactions that resulted in the property sale led to a R1.
A number of other high court applications were subsequently lodged, including a successful application by the CoJ last year for security for costs against Kirk that is now subject to an appeal. The Directorate for Priority Crime Investigation, commonly known as the Hawks, did not respond to an email request for an update on the status of the case.
A complaint lodged by Kirk with the SA Council for the Property Valuers Profession against Mmusinyane and Ramovha in November 2012 resulted in both of them being found guilty of improper conduct during a disciplinary hearing in November 2016. Patrick Corban, the chairperson of the JPC until last month, confirmed in a meeting with Business Report after he had left the JPC that he had requested Paul O’Sullivan to investigate the transaction and indicated the actual value of the property was about 10 times the price eventually paid for it.
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