Four years later, Brian Molefe still hasn’t paid back his Eskom pension

[Vrotappel]

ANC criminals never pay back the money.

 

[The_MAC]

ANC criminals never pay back the money.

It's very hard to regurgitate R30M worth of KFC and Whiskey

 

[TheChamp]

He is going to run out of legal options very soon.

 

[surface]

He is going to run out of legal options very soon.

May not be legal but lot of dodgy excuses available as precedent has been set. This could go on for at least 15 years.

- no money for taxi/this/that
- mysterious illness close to the trial
- file random charges against random people and ask courts to wait for those cases to conclude
- file motions for recusal
- Multiple levels of courts
- terminal illness

 

[TheChamp]

May not be legal but lot of dodgy excuses available precedent has been set. This could go on for at least 15 years.

- no money for taxi/this/that
- mysterious illness close to the trial
- file random charges against random people and ask courts to wait for those cases to conclude
- file motions for recusal
- Multiple levels of courts
- terminal illness

As soon as the legal options are exhausted they don't have to listen to his excuses, they can start attaching his property and bank accounts to recover the money.

 

[surface]

As soon as the legal options are exhausted they don't have to listen to his excuses, they can start attaching his property and bank accounts to recover the money.

Hope so but skeptical as usual.

 

[Tman*]

As soon as the legal options are exhausted they don't have to listen to his excuses, they can start attaching his property and bank accounts to recover the money.

Sure.

Thats if he has any assets in his name by that time.

 

[TheChamp]

Sure.

Thats if he has any assets in his name by that time.

I am certain the authorities have all the resources to can easily trace where that R10m disappeared to, plus he still has a R50k a income and a side hustle that gives him R12k or something, also how does he afford to pay for all the endless appeals? They are going to nail him.

 

[TheChamp]

EXCLUSIVE | Brian Molefe's estate home auctioned off for R5.5m less than he paid for it | Business

Former Eskom and Transnet CEO Brian Molefe's bushveld property in an exclusive lifestyle resort in Limpopo has been sold at auction for less than half the price he bought it for a decade ago.

www.news24.com

 

[ToxicBunny]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

 

[wingnut771]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

 

[surface]

EXCLUSIVE | Brian Molefe's estate home auctioned off for R5.5m less than he paid for it | Business

Former Eskom and Transnet CEO Brian Molefe's bushveld property in an exclusive lifestyle resort in Limpopo has been sold at auction for less than half the price he bought it for a decade ago.

www.news24.com

I was proven right again. Nothing was going to happen to this guy.

 

[konfab]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

A quote from Ayn Rand answers the question:

“But money demands of you the highest virtues, if you wish to make it or to keep it. Men who have no courage, pride or self-esteem, men who have no moral sense of their right to their money and are not willing to defend it as they defend their life, men who apologize for being rich–will not remain rich for long. They are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of the guilt–and of his life, as he deserves.

“Then you will see the rise of the men of the double standard–the men who live by force, yet count on those who live by trade to create the value of their looted money–the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law–men who use force to seize the wealth of disarmed victims–then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter

 

[Bonywasawarrioraway]

As much as I want the slimy git to pay up, does anyone really think he is good for a sum like that?

I would pay that for his bols. mounted on a dart board on the wall of my study.
I am sure with some dedication to purpose they can find the money.

 

[ponder]

I was proven right again. Nothing was going to happen to this guy.

I doubt that hurt him much, I want to see him in an orange suite behind bars.

 

[surface]

I doubt that hurt him much, I want to see him in an orange suite behind bars.

In theory, if he is behind bars one day, what would be your next goalpost ?

1. small fish
2. Not enough sentence
3. he is gonna get out soon

 

[Vrotappel]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

You pull an Eskom on it.

 

[TedLasso]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

Simples. He used the same methodology at Transnet and Eskom and was lauded for it ...

 

[Fulcrum29]

How do you fsck something up so badly that you lose 50% on a property purchase over a decade, when the market has been growing by 3 - 5% annually over that period.

It is an auction and they do have targets. Word on the street is where all these restoratives, or otherwise legally imposed, auctions have to take place, that insiders have dips.

 

[TheChamp]

I doubt that hurt him much, I want to see him in an orange suite behind bars.

Orange overalls is actually nothing if he gets to keep the ill-gotten gains, I honestly don't care whether he goes to jail or not as long as they milk him dry, especially since it's clear that some mysterious illness is going to get him as soon as he sets foot in there, I actually think something was said about his ill health at the bail hearing.