Gerald Majola 'lied' - audit

2011-08-03 10:16
Gerald Majola (Gallo)
Johannesburg - A forensic audit report indicates that Cricket SA (CSA) chief executive Gerald Majola allegedly lied to the federation's board about receiving bonus payments, The Star reported on Wednesday.

According to the newspaper, the audit conducted by KPMG apparently found that Majola had breached the Companies Act in four instances.

Majola and former CSA chief operations officer Don McIntosh had "worked hand in hand and jointly calculated, determined and authorised Indian Premier League bonuses without referring to any other CSA official or body", the report said.

"They consequently ... calculated their own bonuses."

Majola received R4.15 million in bonus payments, according to the report, between May 2009 and May 2010, amounting to more than twice his annual salary.

CSA said in a statement at the weekend it had accepted the findings of the KPMG report and would seek legal advice.

"There is possible irregular conduct with respect to the Companies' Act and the fiduciary duties of directors," the federation said.

Read more on:    csa  |  gerald majola


Read News24’s Comments Policy 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
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk
Most Read


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Boks to slay Dragons, predicts Carling
Walker called up to face SA
WATCH: Namibia prop bows out with humorous kick!
VIDEO: 'British media were raving about Lood, Eben'
/World Cup
Love 2 Meet

Take a photographical trip down memory lane and remind yourself of how the Springboks fared in their five previous Rugby World Cup campaigns. In addition, pick your all-time Springbok Rugby World Cup Dream Team and you could win R3 000!

Latest blogs

The whole saga regarding the team selection for the Proteas Cricket World Cup semi-final continues to drag on... and on! Who do you believe?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

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