Controversial Dubai investment: ‘SAMRO’ also in trouble

Die Vryburger

0
Controversial Dubai investment: 'SAMRO' also in trouble. Photo: Die Vryburger
Controversial Dubai investment: 'SAMRO' also in trouble. Photo: Die Vryburger

The South African Music Law Organization (Samro) is an organization that collects copyright and distribution rights of music for composers and singers.

The body gets approximately R400 million annually, which must then be distributed among the members.

A controversial investment of R47 million in Dubai has not yielded any dividends and Sipho Dlamini, former CEO of Samro, is now blamed for the investment which was his his brainchild.

Two people in Dubai, Mohamed Khalaf and Yaser Aljabal, were paid more than R510 000 “salary” per month to replace Samro with a more profitable company.

Dlamini denies his involvement and puts the blame on the Council of Samro.

Observers believe Dubai’s involvement in state capture may be significantly greater than has been believed so far.

Read the original article in Afrikaans on Die Vryburger

South Africa Today – South Africa News

Related Post

Father and son shot at, daughter (9) tied up in Su... Last night at about 22:15 the Drift Reaction Control Centre received a voice note on the clients only WhatsApp group from a client requesting urgent a...
Suspect arrested with stolen firearm in King Willi... King William’s Town: Patrolling crime hotspot areas and following up on information in Gelvandale where shootings is rife resulted in the arrest of a ...
Police resources wasted to take pupils to Newcastl... KwaZulu-Natal: The Acting Provincial Commissioner, Lieutenant General Nhlanhla Mkhwanazi, has condemned the use of a public order policing vehicle and...
SAPS discovers drug laboratory in Mayberry Park, A... Gauteng: The Gauteng Narcotics team from the SAPS Provincial Organised Crime Detectives, on Monday 22 October 2018 around 23:00 uncovered a drug labor...
Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.