Court in Nether­land ap­proached

The Star Early Edition - - COMPANIES -

A FOR­MER di­rec­tor of Sentula Min­ing is ap­proach­ing a court in the Nether­lands over R383 mil­lion in civil dam­ages awarded against him in South Africa. Sentula won a civil suit against Casper Schar­righuisen in the South Gaut­eng High Court in Jo­han­nes­burg in Novem­ber 2010, seek­ing R88m for al­legedly de­fraud­ing the com­pany. An­other award for R171m plus in­ter­est of R124m was made against him in May 2011. The com­pany on March 31 said it has in­sti­tuted le­gal pro­ceed­ings in the Nether­lands, the Bri­tish Vir­gin Is­lands and Cu­raçao to lo­cate and se­cure Schar­righuisen’s as­sets. “Schar­righuisen is re­quest­ing that the mat­ter in the Nether­lands be re­ferred for trial to give him a fair op­por­tu­nity to prove his in­no­cence of any al­leged ir­reg­u­lar­i­ties,’’ his at­tor­ney Danie Koeke­moer said. The al­le­ga­tion that he was in­volved in “fraud­u­lent trans­ac­tions at Sentula is cat­e­gor­i­cally un­true” and an au­di­tor’s re­port was filed in the lit­i­ga­tion that could vin­di­cate Schar­righuisen, Koeke­moer said. Both judg­ments were granted in Schar­righuisen’s ab­sence. Sentula de­clined to com­ment on Fri­day. – Bloomberg

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