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

ToxicBunny

ToxicBunny

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Fulcrum29 said:
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.
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Yeah I know, but you would "assume" that the intention is to try and get close to at least the original asking price, unless that was crazy inflated as a way to siphon off additional money.
 
TheChamp

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ToxicBunny said:
Yeah I know, but you would "assume" that the intention is to try and get close to at least the original asking price, unless that was crazy inflated as a way to siphon off additional money.
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That's a very reasonable explanation.
 
Mista_Mobsta

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TheChamp said:
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.
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Law should be changed so that only court affiliated doctors' verification stands when any "health" concerns are raised during a court process.
 
TheChamp

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Mista_Mobsta said:
Law should be changed so that only court affiliated doctors' verification stands when any "health" concerns are raised during a court process.
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It's really a challenge but I think it would be tough for people like Molefe to pull it off, but I honestly believe he is really not going to cope, of all the guys who have been caught so far he is one of the few who doesn't have the smugness about him, sometimes I think he realise just how much he has messed up, I think his conscience is what is going to get him.

For all the educated guys who got sucked in life is going to be very tough, the environment is simply not ever going to be the same again even after Cyril.
 
Mista_Mobsta

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TheChamp said:
It's really a challenge but I think it would be tough for people like Molefe to pull it off, but I honestly believe he is really not going to cope, of all the guys who have been caught so far he is one of the few who doesn't have the smugness about him, sometimes I think he realise just how much he has messed up, I think his conscience is what is going to get him.

For all the educated guys who got sucked in life is going to be very tough, the environment is simply not ever going to be the same again even after Cyril.
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If you can't "cope" with the time, don't do the bloody crime!

I am honestly sick of hearing how these criminals abuse the justice system when they knowingly went into criminal activities. I am also keen on a justice system that punishes these corrupt cadres to the maximum extent allowed, especially the likes of Zuma and his criminal ilk.

Alas, politically connected as he is, Zuma will die a free and corrupt man. Molefe, I hope, will rue his decisions in a rotten cell until the end of his days!
 
TheChamp

TheChamp

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Mista_Mobsta said:
If you can't "cope" with the time, don't do the bloody crime!

I am honestly sick of hearing how these criminals abuse the justice system when they knowingly went into criminal activities. I am also keen on a justice system that punishes these corrupt cadres to the maximum extent allowed, especially the likes of Zuma and his criminal ilk.

Alas, politically connected as he is, Zuma will die a free and corrupt man. Molefe, I hope, will rue his decisions in a rotten cell until the end of his days!
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Most politicians will get away with it, not because the system protects them but simply because people like Molefe were doing the dirty work, even if he wants to spill the beans now the politicians lawyers will cut him to shreds and declare him a liar, he would just look like a criminal who wants to save his own skin.
 
W

wingnut771

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TheChamp said:
It's really a challenge but I think it would be tough for people like Molefe to pull it off, but I honestly believe he is really not going to cope, of all the guys who have been caught so far he is one of the few who doesn't have the smugness about him, sometimes I think he realise just how much he has messed up, I think his conscience is what is going to get him.

For all the educated guys who got sucked in life is going to be very tough, the environment is simply not ever going to be the same again even after Cyril.
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Wasn't he an honorary member of the SANDF? Surely he is entitled to this military top secret doctor too?
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I guess not:
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RonSwanson

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ToxicBunny said:
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.
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It's the proceeds of crime, so easy come, easy go.
The property’s arrear rates and taxes amounted to R483 633, and its arrear levies R142 630. This was reportedly according to a notice in the government gazette.

Molefe did not appear to keep up with payments on the R4 million bond, forcing Standard Bank to take a legal route to reclaim its money.
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A property that is that much in arrears would also not be maintained, so I expect that it looked like a pigsty, and for some strange reason home buyers do not like pigsties.
 
f2wohf

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TheChamp

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f2wohf said:
I haven't seen that anywhere in the thread, hasn't Eskom confirmed he did repay?

The house being sold on auction is to recover his unpaid rates and taxes in arrears of 500k.

View attachment 1399475

www.eskom.co.za

Eskom has recovered the R30 million unlawfully paid for Brian Molefe’s pension benefit to the Eskom Pension & Provident Fund - Eskom

Wednesday, 07 September 2022: Eskom is pleased to confirm that it has successfully recovered the R30 million it unlawfully paid to the Eskom Pension &
www.eskom.co.za www.eskom.co.za
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It's actually the Pension fund that paid the money to Eskom, now he needs to pay the pension fund, which he hasn't done.
 
R13...

R13...

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TheChamp said:
I wonder if he is really broke or it's just that he doesn't have clean money to service his bond.

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Seems like just a Zuma group philosophy to finances. Perhaps the Gupta's were servicing the bond and rates when he still worked for them. And likely doesn't have clean money at the moment to cover all his expenses.
 
RonSwanson

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f2wohf said:
The house being sold on auction is to recover his unpaid rates and taxes in arrears of 500k.
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His rates, taxes and HOA levies, as per the IOL report, were indeed in arrears at over R600K, but it was Standard Bank who applied for the S66, with him having not serviced the R4,000,000 bond (purchase price was R8,500,000 in 2012).

 
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