The weekly newspaper says SAMRO members are unhappy about the delay of a report on the loss of some R48m ($3.5), previously reported to be R40m, that SAMRO invested to set up a collective management organisation (CMO) in the Middle Eastern country.
The members accuse SAMRO of not following internal processes in approving the investment, not consulting members who wanted an independent and transparent process when appointing the forensic investigators, stalling the release of the report because a former acting CEO’s account of what happened contradicts the testimony SAMRO management gave the investigators, and exposing a “woeful” lack of risk assessment conducted by SAMRO before making the investment.
City Press says it has seen a 26 July letter to members by SAMRO CEO Nothando…
