Cricket

Majola in hot water?

2011-07-30 15:49
Gerald Majola (File)
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.

NEXT ON SPORT24X

Proteas retain Abbott, Shezi

2014-08-21 18:30

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

 
 
Men
Women
Love 2 Meet
Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
Vote

Which cricketer is currently of most value to the Proteas' Test team?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

 
There are new stories on the homepage. Click here to see them.