News24

Majola in hot water?

2011-07-30 15:49

Johannesburg - Cricket SA (CSA) will seek legal advice on a breach of company policy, allegedly by its chief executive Gerald Majola, the federation's president Mtutuzeli Nyoka said on Saturday.

He said assistance on the matter would also be sought from the SA Sports Confederation and Olympic Committee.

Nyoka was speaking in Johannesburg after a board discussion on the findings and recommendations of accountancy firm KPMG.

Cricket South Africa took a majority decision to accept the recommendations of the forensic report undertaken by KPMG that there is possible irregular conduct with respect to the Companies’ Act and the fiduciary duties of directors, he said.

The report found that no money was missing within the federation, but that its remuneration and travel policy needed to be reviewed.

Nyoka claimed that R68 million had gone missing from a CSA bank account, but the federation said the money was held on behalf of the Board of Control for Cricket in India as running costs of the 2009 IPL and Champions League.

Both KPMG and CSA would meet on Monday to make some amendments before the report was made public.

Majola came under fire after failing to disclose to his R1.7 million bonus - received directly from the Indian Premier League and the International Cricket Council (ICC) in 2009 - to CSA's remunerations committee, REMCO,

Unaware of the "unofficial" bonuses, CSA also paid Majola eight times his monthly salary, for the successful hosting of the 2009 IPL.

The accountancy firm was called in two years after the previously-undisclosed bonuses came to light, which were paid to Majola and 40 members of staff.

Relations between Majola and Nyoka soured after Nyoka repeatedly requested an external audit into the financial affairs of the cricketing body.

CSA later opted for an internal audit in November 2010, headed by deputy-president AK Khan.

He cleared Majola of any wrongdoing but gave him a rap on the knuckles for not clearing the bonuses with REMCO.

Nyoka got his way in May this year, when the external audit began, but not before he had been ousted by the board in February.

He was reinstated after taking them to court.

The outcome of the audit should put an end to the public spat between Nyoka and Majola.

Nyoka said earlier in the week that if this process served as a warning for future conduct, then, if nothing else, it would have achieved a lot.

SAPA

Comments
  • Christiaan - 2011-07-30 18:17

    Could it be that Gerald Majola is a "skelm"?

  • OLIBO - 2011-07-30 19:18

    An external audit makes a recommendation for legal advice, a legal firm will be appointed to make further recommendations, and on and on. What happened to ethics and integrity? What Majola did may not be illegal but it is definitely unethical. The best he can do is to resign.

      No Viejon - 2011-07-31 05:42

      .....And what about these guys who are criminally convicted and still won´t quit; the judge who crashed his Merc while under the influence; the wife of the cabinet minister who was enrolling mules for drug smuggling; the chief of the Erkhuleno police who rolls his official car while under the influence.......another endless list.

  • jackey - 2011-07-31 09:28

    @No Viejon...What so u meant by "our dark people" coz u certainly not black !!Wolf in sheep clothing...Dont forget about the R200bn "your folks" took before the dawn of democracy...We did not forget.

      Normaldude - 2011-08-01 11:02

      Well said : Viejon should open his eyes and take note that during ther Nats rules Billions went missing In FACT the ANC is just as corrupt as the NATS were : Two wrongs do NOT make a Right

      Andrew - 2011-08-03 18:41

      Where did you generate R200bn? Show me the money, show me the assets, show me something that proves there was R200bn. All there was was cattle and mudhuts on top of wonderful mineral resources, if the colonialists had not come there would still be cattle and mudhuts on top op unmined gold. Don't flatter yourselves. 2000 years ago Africa had mudhuts while Rome had already built the colleseum with running water and flush toilets and paved roads. What stopped you from doing the same? Nothing was stolen, you did not even know it was there.

  • adrien.mcguire - 2011-08-03 17:40

    An unauthorised bonus is theft, no other words for it.

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