Absa Premiership

Chiefs mum on Motaung's R500k unpaid car instalments

2017-09-26 15:36
Bobby Motaung (Gallo Images)

Cape Town - It has always been said that where is a smoke there is fire, as Kaizer Chiefs has refused to comment on reports that their boss and businessman Bobby Motaung is set to lose his R3.2 million Bentley Continental GT to the bank.

This has come after reports that "Bob Steak", as the Chiefs football manager is affectionately known has been labelled a bad payer by his bank and repo men were set on him to get back the extravagant toy.

Bobby was once implicated in five year long case of fraud and corruption case before it was struck off the roll due to insufficient evidence.

Bobby was accused of using a fake tax clearance certificate in a bid for the construction of the Mbombela Stadium for the 2010 World Cup.

He was also accused of submitting a bogus letter which they claimed was from the municipality to secure a R1 million overdraft.

However, the Hawks said the five-year long case had been closed and will only be reopened if new evidence surfaces.

The reports revealed that now the son of Chiefs owner Kaizer, has been taken to the South Gauteng High Court in Johannesburg by car financier Wesbank after he defaulted on his monthly instalments for almost a year. 

When Drum quizzed Chiefs' corporate communications manager Vina Maphosa about the latest reports, he said, "We don't have comment to your questions, thank you."

According to Sunday World, the court documents, Bob Steak is in arrears of more than R500 000 on his repayments and also has an outstanding balance debt of R2.3 million to be paid before he assumes full ownership of the car.

The paper reported that the bank has asked the court to grant it an order authorising the Sherriff of the Court to attach the bling car, saying that Motaung was still clinging to the ride despite not paying.

It seems as if the Kaizer Chiefs maestro might be having financial difficulties as last year it was reported in the media reported that he lost his multi-million shopping complex in Ormonde, Joburg, because he could not keep up with his debts with Investec Bank.

Read more on:    kaizer chiefs  |  psl  |  bobby motaung  |  soccer

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