Msomi willing to give up shares worth R25m in the US to get bail TheStar_news
Johannesburg - Legendary playwright Welcome Msomi used to transfer as little as R40 into his account when he was stealing R8 million from the Living Legends Trust.
On Wednesday, Msomi appeared at the Palm Ridge Magistrate’s Court on 61 counts of theft. Msomi, who was the chairperson of the Trust, was arrested last month after an investigation into the missing money. The Trust, a portfolio started by the Department of Arts and Culture to uplift elders of the arts industry, had R8m in its account in order to begin programmes set out to enhance the industry’s talent.
The first was the home in Illovo where Msomi was residing while the investigation was ongoing, the second was that of his son Sibusiso in Sunning- hill, the third a family friend in Turffontein and the fourth Msomi’s alleged house in uMlazi, KwaZulu-Natal.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court hears how Msomi 'looted' R8m in 19 daysThe splurge started on September 18, the day the money was transferred into the trust account from the department of arts and culture.
Read more »
Court hears how Msomi 'looted' R8m in 19 daysThe splurge started on September 18, the day the money was transferred into the trust account from the department of arts and culture.
Read more »
Asia shares cement weekly gains as traders await US jobs reportEquities remain close to recent highs, while caution ahead of nonfarm payrolls and a holiday in China dampens volatility
Read more »
Newsdeck: Manafort-Linked Cooperator Gave Valuable Information, U.S. SaysA Paul Manafort-linked lobbyist who admitted using a straw buyer to get a Ukrainian oligarch into Donald Trump’s inaugural has provided valuable information to prosecutors, the U.S. government says.
Read more »
PICS: Give us security guards in schools, Cosas pupils tell Luthuli HouseGangsterism, bullying and violence inside schools have turned young children into dangerous human beings, the pupils said.
Read more »
Social media gets thumbs-down in new US pollAmericans are fearful about the impact of social media firms, with many saying they spread misinformation and divide the country.
Read more »
Social media gets thumbs-down in new US pollAmericans are fearful about the impact of social media firms, with many saying they spread misinformation and divide the country.
Read more »
Social media gets thumbs-down in new US pollAmericans are fearful about the impact of social media firms, with many saying they spread misinformation and divide the country.
Read more »