There are those who categorise my pursuit of Dave King as an exercise in casual invective. Allow me to disabuse one of that notion. There is nothing casual in my approach. My attacks are surgical in nature. They are designed to inflict as much reputational damage as possible. James Traynor – the squatter at Auchenhowie who can no longer afford his showpiece office at Blythswood Square but is tethered by a punitive lease – has tried his best to candy-coat King’s past. This is an exercise in futility. In 2010 The South African Supreme Court of Appeal, The National Proscuting Authority v King, exhibits King’s career criminality for all to see. Justice R W Nugent wrote in judgement:
“The respondent, Mr DC King, has been indicted on 322 counts including fraud, tax evasion and evasion of the Exchange Control Regulations, as well as money-laundering and racketeering. The counts relate inter alia to a failure to submit tax returns, fraudulent misrepresentations in his tax returns, and devising and implementing an allegedly fraudulent scheme to ‘externalize’ his assets to evade income tax and obligations under the regulations, involving amounts in excess of R1 billion. The main complainant, as one could expect, is the SA Revenue Services (SARS). It apparently has a claim of some R3 billion against King flowing from some of the allegations.”
King, quite incredibly went to court to claim that The NPA should be precluded from prosecuting him on the pretext that he would not receive a fair trial. His counsel riffed on section 35 (3) of the South African penal code. Justice Nugent responded:
“I do not think that s 35(3) goes that far. In its terms it entitles Mr King to be tried fairly in fact. It does not entitle him to be satisfied that the trial will be fair. If he were able to show in advance that his trial will not be fair it might be that a court will grant him appropriate relief. But the prosecution is not called upon to satisfy an accused person that his trial will be fair as a precondition to prosecuting. If that were to be required as a precondition for a trial it seems to me that there might be few criminal trials at all. Criminal proceedings are not a consensual affair.”
King was demanding access to the NPA’s case notes and court strategy. He wanted access for free. He was attempting to prove that he was being victimised in prejudicial proceedings. His first attempt at this was thrown out. However he pursued the matter all the way to the Supreme Court. The Appellate court found in favour of the NPA and dismissed King’s spurious claims.
No-one is more corrupt or slippery than Dave King. To avoid racketeering charges he paid an underworld figure to intimidate witnesses. The trial against King and the equally bent Greg Morris collapsed. However he and Morris were both arrested and held on remand until bail could be posted. King was also held in custody on fraud charges. He does not lead a charmed life. Getting King is not as difficult as modern myth, spun by Traynor, would have us believe. Director Mike Hodges crafted one of the best British crime dramas ever presented on the silver screen:
“Jack Carter (Michael Caine) is a cold-blooded London gangster, and not the sort of man you want to cross. When Carter’s brother winds up dead, he travels to Newcastle to arrange the funeral. Convinced that his brother was murdered, Carter questions local thug Eric (Ian Hendry), who eventually leads him to kingpin Kinnear. From there, Carter carves a bloody trail of revenge through the seedy underbelly of Newcastle in search of his brother’s killer.”
King is a white collar career criminal. He pays gangsters to do his bidding. SARS eventually caught up with his tax evading past. The fines and costs, and his more than a decade of legal shadow boxing, hit King where it hurt the most: his pocket. He is a tight as a Yorkshireman trying to hide his money up a crab’s arse, having first removed it from his socks.
The 13th April was a game changer for King. King insulted the intelligence of the brightest and best by taking the Takeover Panel to an Appellate Court. He claimed that he had no executive authority at New Oasis Assets Limited (NOAL). He claimed that NOAL, at arm’s length from King, acted of another’s accord to acquire 14.57% of RIFC equity. It was ludicrous. But King took his lies all the way to the Takeover Appeal Board where it was unequivocally dismissed. King used HIS holding in NOAL to call an EGM and oust the former board of RIFC.
Having insulted and lied to the TPE they ordered King to make an offer of 20p to buy all the shares not in his concert party’s gift. King did not comply. On the 13th April the TPE petitioned the court of session. Ceteris Paribus a legal edict will follow. If King does not comply he will be held in contempt which is punishable by a tariff that includes prison.
The TPE will then implement the Cold Shoulder. King will also be stripped of the right to hold any office in a UK plc.
King is going down. Of this there can be no doubt. He has ran roughshod over a country riven with apartheid to rock up at a club with its own apartheid.
Nothing will be more sweet than when the TPE get King. The only question of which there is any doubt is whether he will scuttle the ship.