Cricket

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
NEXT ON SPORT24X

Coetsee backs Knights' depth

2014-10-01 12:26

 

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
42 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

 

You HAVE to see this MTB Tsunami Fip!

You might not know what a Tsunami Flip is, but just watching this will turn your eyes into saucers. Check out this first-ever MTB Tsunami Flip in contest here.

 
 

Where were you when you last felt alive?

Bear Grylls’ top 10 things kids should do outdoors
Mountain unicycling – say WHAT?
Top tips to ensure you’re running right
Stand-up paddle boarding a great workout
 
 
Men
Women
Love 2 Meet
Featured

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.