Former SA Metal Mills proprietor Rafik Mohamed has been detained on the Midrand police station in a improvement that would mark a major escalation in investigations surrounding the troubled metal producer.
Former SA Metal Mills proprietor Rafik Mohamed has been detained on the Midrand police station in a improvement that would mark a major escalation in investigations surrounding the troubled metal producer.
Sources aware of the matter confirmed to the Mail & Guardian on Tuesday evening that Mohamed was being held on the police station.
The explanations for the detention and any potential prices couldn’t instantly be established.
The event comes amid ongoing investigations linked to SA Metal Mills, which obtained greater than R1 billion in funding from the Industrial Growth Company (IDC) and is at present beneath enterprise rescue.
The corporate has been on the centre of a sequence of disputes involving allegations contained in affidavits, questions round shareholder funding and claims referring to transactions involving UK-registered firm Emberton Restricted. These allegations have beforehand been denied by Mohamed and related events.
The detention follows months of scrutiny surrounding the affairs of SA Metal Mills, together with legal complaints lodged with legislation enforcement authorities and questions over the stream of funds linked to the corporate.
The Mail & Guardian is looking for affirmation from legislation enforcement authorities and additional particulars concerning the circumstances surrounding Mohamed’s detention.
