The Pinnacle Point insolvency hearing has heard that former trade unionist Richard Kawie was introduced to the developers by the Trilinear owner.
The probe into how R100m of union pension money went missing will move to prison — to hear testimony from Sam Buthelezi, a key player in the scandal.
Attempts to subpoena Richard Kawie to give evidence that could explain what happened to workers’ pension money have hit a brick wall.
Concerns have been raised about why the office of the Master of the High Court did not appoint a liquidator to take over Canyon Springs Investments 12
Pinnacle Point Group hoped for a further injection of the clothing workers’ pension money, after R260-million of their funds had already been sunked.
Former Sactwu consultant, Richard Kawie, is alleged in court papers to have been paid R8-million for his work as a consultant.
Deputy Minister Enoch Godongwana is embroiled in controversy about his role in the disappearance of millions of rands of workers’ retirement money.
Deputy Minister of Economic Development Enoch Godongwana and his wife Thandiwe have been linked to a company that disappeared with R100m in pensions.
The Financial Services Board is investigating the investment in 2007 of R420-million of pension funds belonging to Sactwu members.