News24

CSA 'no missing millions'

2011-12-02 12:53

Pretoria - There are no missing millions in the Cricket South Africa's coffers, a CSA official told a ministerial inquiry on Friday.

Nassei Appiah, CSA chief financial officer, said in Pretoria that R68 million had not gone missing, as previously alleged by former CSA president Mtutuzeli Nyoka.

The money was held as running costs for the 2009 Indian Premier League, which was hosted by CSA.

"Funds had been transferred from the BCCI (Board of Control for Cricket in India), both from India and income that they had generated locally, which was around R425 million," Appiah said.

"CSA had incurred expenditure on behalf of the BCCI, including the hosting fees of about R435 million.

"So the balance sheets reflected an asset of an amount due from the BCCI of R10 million.

"We have a balance sheet for 2009 and 2010, with 2009 showing a liability of R74 million and 2010 showing an asset of R10 million.

"Someone (Nyoka) took the difference between the two and alleged that the movement was missing funds."

Appiah said Nyoka made assumptions which were false.

"If you had to recompute the movement in the two years, you actually had to add the two because one was an asset and one was a liability," he said.

"So the movement was actually R84 million, not R64 million as stated in the records.

"It eventually became R68 million and there is nothing correct about those assumptions."

SAPA

Comments
  • Jono - 2011-12-02 12:58

    Still way too suspicious...check there pockets! and find out how much this guy got paid when he ''discovered'' the 'mistake'.

  • Anthony - 2011-12-02 13:07

    bullsh£t.

  • cas.vanniekerk1 - 2011-12-02 13:10

    They saw what happened to Selebi and quickly repaid the money!

  • Rashaad Hendricks - 2011-12-02 13:17

    Cover up. Wonder how much he getting payed to lie to us.

  • Inhlanzi - 2011-12-02 13:18

    He's noy lying, it's not missing, they know exactly who's pockets it went to

  • Irene - 2011-12-02 13:47

    Who did Nassei Appiah work for before CSA? When was he appointed as CFO to CSA by Majola? Check out that fishy timeline ......

  • Dennis - 2011-12-02 13:50

    Mmmmm ja right and I am Joan Collins !!!

      Flowingriver - 2011-12-02 14:15

      And you got the legs to prove it!

  • Beth - 2011-12-02 14:02

    Way too much protesting and justification for my liking! First the money was missing, then it wasn't, then the reason it showed the way it did because one was listed and an asset and then a liability.... HOGWASH!!!! There's no smoke without fire and both CSA executive and their appointed Auditors should be penalised for this travesty. The final statement in this article..."it eventually became R68 million and there is nothing correct about those assumptions." We talk about the cricketers themselves being in it for the money, and I'm sure a lot of them are, but they do entertain us. The Majola's of the world sit in their ivory towers, on their fat backsides and line their pockets. Well here's a heads-up for him and his cronies - you won't be laying your hands on any of my money, I'll not patronise another cricket match in this country by purchasing tickets to one the grounds.

      Andrew - 2011-12-02 16:15

      Problem is they make more from selling TV rights. We will have to stop watching that as well

  • Steenbra - 2011-12-02 14:12

    Oh well the money is not gone....just found it's way into others pockets and telling anyone how it got their :)

  • Peter - 2011-12-02 14:26

    If anybody believes this then I might believe in the jolly green giant tooth fairies and father christmas, plus the Anc being honest, what next ????,,,,

  • eddie.norton1 - 2011-12-02 19:59

    is the money in the bank?

  • Clive - 2011-12-02 23:25

    Hahahaha, that's a load of bollocks. Nice try.

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