Ne twist to MKM saga

Lesotho Times - - Front Page - Lekhetho Nt­sukun­yane

THE High court of south Africa, through its Free state Divi­sionDivi in Bloem­fontein, has is­sued an in­terim or­der au­tho­ris­ing mkm pro­vi­sional liq­uida­tors to re­pos­sess “all funds and as­sets” be­long­ing to the com­pany in that coun­try.

The or­der, is­sued by Act­ing Judge As Boonzaaier on 30 April 2015, em­pow­ers mkm’s liq­uida­tors, Web­ber Newdi­gate’s At­tor­neys, to: “re­cov “re­cover and take pos­ses­sion of any and all funds and as­sets in south Africa that the com­pan com­pany (mkm) and in­sol­vency laws of south Afric Africa ought to be re­cov­ered for the ben­e­fit of the c cred­i­tors of the MKM Star Lion Group es­tate, and en­able the ap­pli­cants to re­alise such as­set­sas and repa­tri­ate such funds and as­sets in the King­dom of Le­sotho.” The same or­der,or­der how­ever, calls on “any cred­i­tors of the con­sol­i­dated Le­sotho es­tate of mkm star Lion Group es­tate, to show cause, if any, on Thurs­day, 11 June 2015, at 9:30am,” why th the doc­u­ment should not be grante granted as a fi­nal court or­der.

We Web­ber Newdi­gate’s At­tor­neys are the pro­vi­sional liq­uidato da­tors of the simon Thebe-eaKh Khale-owned mkm star Lion Gr Group es­tate, mkm mark ket­ing Limited, star Lion G Gold coin in­vest­ment, star Lion Group Limited and star Lion in­sur­ance Limited.

Jus­tice Boonzaaier noted in the in­terim or­der that the Le­sotho pro­ceed­ings for the wind­ing up of mkm, and the ap­point­ment of said pro­vi­sional liq­uida­tors of the com­pany, “are recog­nised in south Africa.”

con­tacted for a com­ment yes­ter­day, At­tor­ney Let­sika, con­firmed the or­der say­ing it was sought in the High court of south Africa “be­cause there seems to be other prop­er­ties be­long­ing to the mkm in that coun­try, so we need to trace them so that they could also be sold so that the money re­cov­ered is enough to give it back to cred­i­tors here in Le­sotho.”

Asked about the pending liq­ui­da­tion of mkm prop­er­ties in maseru, At­tor­ney Let­sika said: “We are still work­ing on that one to see how best it can be han­dled be­cause you will re­call acts of vi­o­lence that dis­rupted the fi­nal liq­ui­da­tion pro­cesses last year. We are try­ing to also find an al­ter­na­tive, other than to liq­ui­date the com­pa­nies and have not reached any­thing as yet.”

On his part, mr Thebe-ea-khale yes­ter­day ex­pressed sur­prise over the doc­u­ment, which he said he knew noth­ing about.

“This is new to me. i do not un­der­stand how th­ese peo­ple are deal­ing with us. One minute we think we are do­ing things to­gether, but in the next they go be­hind our back and come up with this,” he said.

The em­bat­tled busi­ness­man also in­di­cated that there were no “funds or as­sets” in con­nec­tion with mkm in south Africa.

“The only as­sets avail­able in that coun­try are those be­long­ing to me per­son­ally – not ei­ther of th­ese com­pa­nies they men­tioned in this doc­u­ment,” he charged.

MKM Boss Simon


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