South .Africa Court Dismisses Application By Former Aurora Directors

Published
A South Africa court has dismissed an application by former directors of Aurora Empowerment Systems, who had sought leave to appeal a decision that found them liable for as much as $113 M worth of damages. Judge Eberhard Bertelmann said that there was little likelihood that any other court would find differently. The court had found that Aurora and its directors, including President Jacob Zuma's Nephew Kulebuse Zuma, traded fraudulently and recklessly after a failed mining deal involving Pamodzi mines. Angelo Coppola reports.
Category
South Africa