Majali runs into more legal problems

A report on the Moneyweb site notes Majali has been in the news this month after being arrested for his alleged involvement in the 'hijacking' of mining company Kalahari Resources. It says he is also remembered for the infamous Oilgate scandal when he and his empowerment company Imvume Resources channelled R11m of state money into the ANC's 2004 election campaign. The ANC says it has since paid the money back. Absa's head of legal, Marthinus van Rensburg, is quoted as saying the bank had applied for Tshozi Investment's final liquidation as it had stood surety for a loan that Absa made to Imvume Resources. According to a report in The Times, Absa claims that Tshozi Investments, has - since September last year - failed to repay a loan of more than R40m. The case was postponed to 29 October. It notes that one of Majali's companies, New Era Life, has lodged a claim of R200m against Absa. Full report on the Moneyweb site Full report in The Times

The NPA says it cannot rule out the possibility that Majali could be linked to more fraud cases. In the current case faced by Majali, the state alleges that he and seven other people hijacked a multi-billion rand mining company, Kalahari Resources. 'Investigations are still under way. I have indicated to you there are other cases in KZN and Western Cape that relate to fraud and money laundering that accused number two (Majali) is linked to. Those are some of the cases that we are linking him to and I am not ruling out the possibility of other cases. Investigations are still under way,' NPA spokesperson, Mthunzi Mhaga, is quoted as saying in an SABC News report. Full SABC News report