Witness tells court Nafiz Modack wanted 20% fee to collect R2 million from asset manager

A State witness has testified how alleged underworld crime boss, Nafiz Modack, wanted a 20% fee to collect two million rand for him after an investment went sour.

The witness, Shanil Maharaj, said that he asked Modack for help after he lost money in an investment with another State witness, who can only be identified as “Mister C”.

Modack and 14 co-accused face 124 charges for various crimes, including murder, extortion, and running a criminal enterprise.

Maharaj said that after making numerous attempts to get the money back from Mister C, a business associate put him in contact with Modack.

“It was Nafiz. I had contact with Nafiz… Nafiz Modack.”

Maharaj told the court that Modack made certain requirements before agreeing to collect the money.

“I explained my story to Mister Modack over the phone. Mister Modack was asking for facts, he was asking for proof, he was asking for statements, he was asking for the truth…”

Maharaj said that Modack sent him a message to forward to Mister C, which read: “Hell’s Angels will do the collection from you… this is now a criminal matter.”

Earlier this week, Mister C testified that one of Modack’s co-accused, Jacques Cronje, kidnapped him at a hotel in Century City before making death threats to pay back the money.

The trial continues.

-EWN

In other news – Highest-paid Actors in SA revealed

For some time now, the Mzansi film industry has fast become one of the biggest in Africa, leaving many to connect the dots about the salaries of their favourite actors. Who are the highest-paid actors in South Africa? In 2023, entertainment commentator Phil Mphela revealed the salaries of top-tier actors in South Africa. Mphela noted that top-tier actors earn between R150 000 and R200 000 monthly.

However, against his post, celebrated actor Hungani Ndlovu said actors earn less after deductions. In 2014, Generations fired cast members after they demanded better working conditions and salaries. Read More

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