Citizen Reporter
1 minute read
1 Oct 2017
10:05 am

Standard Bank drags Bobby Motaung to court for R300K – report

Citizen Reporter

The Kaizer Chiefs boss is allegedly ignoring financial institutions he owes money to.

Kaizer Chiefs boss Bobby Motaung’s financial woes don’t seem to be going away, with another paper reporting on Sunday that he stands to lose his petrol service business, allegedly due to bad debt.

Sunday Sun has reported that he and his wife need to settle R300 000 plus interest owed to Standard Bank.

Last week, according to a report in Sunday World, “Bobsteak” was also half a million rand in arrears on a Bentley Continental GT that he purchased in 2014 for more than R4 million, including interest.

Wesbank reportedly took him to the High Court in Johannesburg after being “labelled a bad payer”.

Sunday Sun reports that it has now seen court documents suggesting that Motaung and his wife signed surety for a company called Gold Station Gold SA, which has interests in petrol activities in Gauteng. The company allegedly started defaulting on payments earlier this year and the Motaungs have allegedly been ignoring notices about the debt.

Motaung failed to respond to requests for comment from the tabloid.