.jpg)
sPECIAL
INVESTIGATIONS
Author: Julius
Cobbett|
02
April 2013 10:35
Lawyer
apologises to Sharemax developer
|
AWithdraws
allegations about a trip to Cyprus to secure ‘channeled’ funds.
JOHANNESBURG –
Lawyer Chris de
Beer has apologised to Paul Kyriacou, developer of the two largest Sharemax
malls, Zambezi and The Villa.
The apology is the result of a damages action
launched by Kyriacou and his company Capicol, against De Beer, his law firm,
and four of his clients.
Kyriacou objected to an allegation made by De Beer in a 2010 court bid to
place seven Sharemax syndication companies under judicial management. In court
papers, De Beer said he had been informed that Kyriacou had visited Cyprus in
2010 with then Sharemax MD Willie Botha. Said De Beer,
“There is on the
probabilities, no reason why they would have done that, except to secure funds
channeled away from these developments into offshore bank accounts in
Cyprus."
At the time, Kyriacou denied the allegations regarding the
Cyprus trip. He told Business Report: “I
have never been out of the country with Willie Botha at any time. I don’t think
I’ve been further than Sandton with Willie and that was about two years ago for
a dinner. I don’t even want to see the guy. We have nothing to say to each
other, especially after how things turned out.”
In 2011, Kyriacou launched his
damages claim against
De Beer.
Last week, Kyriacou informed Moneyweb that he had extracted an
apology from De Beer. A copy of the apology can be downloaded here.
De Beer and his five
co-defendants tendered their “unequivocal, unconditional and unqualified
written apology and retraction of defamatory statements.”
Kyriacou suggested this was just one of several apologies he
hopes to receive; he is currently in a fierce battle with
directors of Nova Property over the ownership of Zambezi and The Villa.
De Beer told Moneyweb he has no
comment to make on the apology, other than to state that he “achieved an
extremely favourable settlement for our clients in the Sharemax debacle.”
No comments:
Post a Comment