Necuno
Court Jester
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Dankie oom, nou kan ons weer serious wees or serious CA stuff.
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Plot thickens in R699 car saga
- Thread starter MickeyD
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Dankie oom, nou kan ons weer serious wees or serious CA stuff.
Necuno
Court Jester
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- Sep 27, 2005
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Of course they have something to hide, but I really doubt something will happen to them: I can't really remember if anything came from that black-highlighted-bank report (CCC). Besides we all know that either you kill our way out or you pay our way out, just look at no1 and a few other examples in RSA.
I would really not be surprised of sheets was changed intentionally look at how wesbank handled my application...
The Madoff family will disagree with you
akescpt
Honorary Master
I don't understand how they didn't question the amount they owe. if you signed for 60k and get your approval back for 80k why didn't anyone ask WTF is going on. they just took the keys, signed and left?
The_Unbeliever
Honorary Master
They probably was chuffed that they could get approval for a higher amount, and didn't think to query it?
Or that they was shielded from any communications from the bank etc, and never got to see the final amount etc...
Not really. He stole from other prominent wealthy entities and individuals.
akescpt
Honorary Master
this whole thing stinks. I think the banks should be fined here. there has to be collusion of some kind in this whole process. or they took advantage of peoples ignorance in these circumstances. in their reluctance to release info they have already signaled that its a CF on their part.
Kosmik
Honorary Master
This, although not part of the R699 thing, last time we bought a car, we were just told that finance was approved. It did raise eyebrows at the time for me as it was done solely under my wifes name/income and the repayment was for 1/3 of her gross, probably 2/5ths of her net. That didn't seem sustainable to me but we have my income so it didn't' really bother me at the time.
The_Unbeliever
Honorary Master
Whateverookal, I'm glad I'm not part of this R699 circus.
Venomous
Honorary Master
hmmmmm,
I wonder.....
Did this thing really fall apart due to the Hong Kong lot withdrawing?
O
R
Did it collapse because of the etolls?
What are the chances that people were not paying their etolls, because the vehicles were not in their own names but in the name of Mr MasterMind?
Those bills must have started piling up....
Thus changing that which once was a feasible venture into a non- profit org?
I wonder.....
Did this thing really fall apart due to the Hong Kong lot withdrawing?
O
R
Did it collapse because of the etolls?
What are the chances that people were not paying their etolls, because the vehicles were not in their own names but in the name of Mr MasterMind?
Those bills must have started piling up....
Thus changing that which once was a feasible venture into a non- profit org?
Last edited by a moderator:
Hectic
Executive Member
I missed a big part of it, but I think I heard on the radio that this case was dismissed and the class application wasn't granted.
The_Unbeliever
Honorary Master
Wait, what?
Did one person had all the cars in his name? :erm: Didn't say it was like that, but could it be possible for one person to have xxxxx amount of cars in his name?
A financial institution I can understand (bank financing cars etc) but one person?
Venomous
Honorary Master
there was at least 1 thread here were it was said that Mr had the cars in his name and he was requesting that people buy etags.
If that is wrong, sorry.
Will try search to see if I can find a thread...
Venomous
Honorary Master
I was searching and found this: (unrelated to my search topic)
http://www.justdrivecar.wozaonline.co.za/products
:erm:
http://www.justdrivecar.wozaonline.co.za/products
:erm:
LazyLion
King of de Jungle
APPLICATION FOR CLASS ACTION CERTIFICATION DISMISSED
The Eastern Cape High Court in Port Elizabeth has dismissed an application for a class action certification in the R699 car scheme case, a lawyer representing consumers said on Friday.
"It was dismissed with costs," said Duncan Heuer.
"As the court held that the current matter does not lend itself to be pursued by way of class action, going forward consumers will now have to engage with their credit providers individually, whether they are legally represented or not."
However, Heuer said his firm Pieterse Cary Finlaison planned to appeal the cost order.
"We respect the judgment handed down... not to certify the consumers affected by the R699 car scheme as a class.
"We have, however, after careful consideration... taken a decision as a firm to file a notice of intention to seek leave to appeal the cost order made against the firm."
A group of apparently 550 consumers, led by Heuer, approached the court to declare contracts between the banks and car buyers null and void.
About 17,000 people were believed to have been affected by the scheme run by the Satinsky Group, which offered to cut repayments on new cars to about R699, if the motorists drove a minimum distance with pasted advertisements about the scheme on their cars.
The scheme collapsed in July -- with banks now calling for full repayments -- amounts not affordable for all those involved.
Source : Sapa /mar/jk/jje
Date : 22 Aug 2014 08:29
The Eastern Cape High Court in Port Elizabeth has dismissed an application for a class action certification in the R699 car scheme case, a lawyer representing consumers said on Friday.
"It was dismissed with costs," said Duncan Heuer.
"As the court held that the current matter does not lend itself to be pursued by way of class action, going forward consumers will now have to engage with their credit providers individually, whether they are legally represented or not."
However, Heuer said his firm Pieterse Cary Finlaison planned to appeal the cost order.
"We respect the judgment handed down... not to certify the consumers affected by the R699 car scheme as a class.
"We have, however, after careful consideration... taken a decision as a firm to file a notice of intention to seek leave to appeal the cost order made against the firm."
A group of apparently 550 consumers, led by Heuer, approached the court to declare contracts between the banks and car buyers null and void.
About 17,000 people were believed to have been affected by the scheme run by the Satinsky Group, which offered to cut repayments on new cars to about R699, if the motorists drove a minimum distance with pasted advertisements about the scheme on their cars.
The scheme collapsed in July -- with banks now calling for full repayments -- amounts not affordable for all those involved.
Source : Sapa /mar/jk/jje
Date : 22 Aug 2014 08:29
Kosmik
Honorary Master
If they genuinely know/believe their credit apps were tampered, best bet is to go to NCR and invoke the protection act. Thereafter they can lay a case of fraud ( which is criminal, not civil, so the manpower of the state can be used against him).
Otherwise, they are seriously up a creek with no paddle.
Otherwise, they are seriously up a creek with no paddle.
MagicDude4Eva
Banned
I think no-one questioned the actual loan-amount as you will probably find that loans were taken out over maximum period (72 months). By the sounds of it, none of the customers actually saw the loan-agreement which puzzles me, as I thought that the agreement would be between the customer and the bank for the loan and between the customer and Satinsky for the pay-back. Wasn't there supposed to be an action where fraud-victims would exercise PAIA against the banks?