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High-End Vehicle Dispute Escalates Amid Financial Woes for Zuma's Ex Son-in-Law

Published March 11, 2024
2 months ago

The glittering glow of luxury vehicles and their high-profile users often conceals the less glamorous reality of financial obligations. Such is the predicament of former President Jacob Zuma's ex-son-in-law, Lonwabo Sambudla whose financial turmoil has come into the spotlight following a legal dispute over the leases of his opulent rides; a Bentley, a Ferrari, and a Rolls-Royce.

Anglowealth Shariah, a Sharia law financial services company in Umhlanga, Durban, has alleged that Sambudla along with his companies, IMS Call Solutions and Mobi Systems Solutions, have fallen into arrears totaling over R3.24 million for the leased vehicles. These include a 2022 Rolls-Royce Cullinan Black Badge, 2021 Bentley Flying Spur, and a 2022 Ferrari 812 GTS, fetching steep monthly installments of between R160,000 and R455,000.

In an urgent court application, Anglowealth Shariah sought the disclosure of the vehicles' whereabouts and their restoration to the company. The urgency stemmed from their belief that Sambudla was attempting to offload the vehicles amidst financial distress, sparking concern over potential depreciation and insufficient risk coverage.

Yet, the court's stance, as reflected in the ruling by Judge Motsamai Makume, opposed Anglowealth Shariah's urgent plea. The judge dismissed the application on grounds that no imminent threat to the vehicles was convincingly demonstrated. Subsequently, the financial services company has applied for leave to appeal the ruling, contesting that the imminent threat was palpable and the judge's decision along with certain factual findings and legal conclusions were flawed.

Despite the setback, this has not deterred Anglowealth Shariah from continuing to seek legal avenues to assert its rights. The company, renowned for its pioneering Shariah law-based services, persists in arguing its case, asserting the vehicles are still with Sambudla and that a sum of over R1.42 million remains outstanding even after partial payments.

The unfolding drama encapsulates a complex interweaving of opulence, legal intrigue, and the perils of financial distress. Sambudla and his companies have stood their ground, stating that the amounts demanded were settled in January and rejected the unilateral cancellation of the agreement, underscoring the dispute over the remaining arrears.

Both the dispute and the ensuing legal wrangling are set to persist as Anglowealth Shariah pursues another application to confirm the cancellation of the agreements and to receive the amounts due. The date for this hearing is anticipated in May 2024.

This case underlines the tightrope walk of high-stakes finance and luxury, where the shimmer of elite motoring meets the stern reality of financial obligation – striking a chord with broader conversations surrounding wealth, privilege, and accountability.

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