Business Standard

Majola will have to repay IPL bonus

Image

Press Trust of India Johannesburg

Mbalula decided this after meeting the CSA board to discuss its plans to implement the recommendations of the Nicolson inquiry into the financial affairs of CSA.

The minister set up the inquiry following two years of internal wrangling over the bonuses for the event which Majola paid himself and other senior CSA staff.

IPL 2 was held in South Africa due to concerns over security at the time because of elections in India. Mbalula also announced that a civil process would be instituted to recover the four million ends from former CSA financial head Don McIntosh, who resigned amid the crisis.

 

McIntosh was paid the amount for his work as director of the IPL tournament. Like Majola, he did not declare his bonus to the board.

Action will not be taken against other CSA staff who received bonuses because the Nicolson report did not express a view beyond the top directorships, according to the minister.

Majola is currently under suspension pending a disciplinary hearing, as was recommended by the Nicolson inquiry, which found him to be in breach of his fiduciary duties and also recommended possible criminal charges against Majola.

Mbalula ended speculation that the entire CSA board might be asked to step down by accepting the actions taken by acting president Willie Basson and acting chief executive Jacques Faul, who have previously indicated that if it means working themselves out of a job, they were prepared to do so.

  

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2012 | 10:25 AM IST

Explore News