Insolvent PE businessman faces theft charges
Publish date: 19 January 2005
Issue Number: 1257
Diary: Legalbrief Today
Category: In Court
Insolvent Port Elizabeth businessman John Killik has made a brief appearance in the Commercial Crimes Court where he faced 22 theft charges involving more than R49 000.
He also faced one of contravening the Insolvency Act. The charges arise from the September, 2003, Savdav Trust sequestration in the Port Elizabeth High Court. The trustee had mandated Killik to collect rents from one of the trusts properties, but Killik is alleged to have collected R49 050 but failed to pay the money to the trustee. Killik is to appear again on January 31. Bail of R2 500 was extended. Full report in The Herald
