Monday, March 28, 2011

DA says it will soon lay charges against Schabir Shaik

By Lelethu Mquqo
28 March 2011


The Democratic Alliance says it will soon lay charges against President Jacob Zuma’s former financial advisor Schabir Shaik.

A newspaper reported yesterday that Shaik was violating the terms of his medical parole by holding at least one directorship.

DA federal chairperson Wilmot James says Shaik disobeys section 218 of the Companies Act, which states that no person convicted of fraud may serve as director of a company.

James is also concerned that the Companies and Intellectual Property Registration Office, Cipro, is not doing its job.

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