The financial affairs of controversial KZN businessman Sunny Gayadin – and how he managed to fund failed litigation over the ownership of Durban’s Natal Command – will come under scrutiny now that his company‚ Giant Concerts‚ has been placed in final liquidation.

According to a TimesLIVE report, Gayadin died in May 2017. His body was found with a gunshot wound to his head on land he was developing in Pietermaritzburg. The liquidation application was launched by movie mogul Anant Singh, who is seeking to recover more than R1m he is owed in defending himself against what he says was ‘the tragic litigation’ by Gayadin.

The late businessman alleged Singh had been given the prime beachfront site by the eThekwini Municipality for a sweetheart price. A final winding-up order against Giant Concerts was granted by KZN High Court (Durban) Judge Themba Sishi yesterday.

In the application‚ Sudhir Pragjee‚ director of Singh’s Rinaldo Investments‚ alleges that Giant Concerts appeared at all times during the lengthy litigation – which went all the way to the Constitutional Court – to be a mere shell of a company. Pragjee says the costs claimed – R360 000 for the initial High Court case‚ R403 000 for the appeal before the SCA‚ and almost R300 000 for the final Constitutional Court challenge – were approved by the courts in 2013 and 2014.

‘It is our intention to hold such an interrogation to establish how Giant Concerts was able to fund all the litigation and what happened to the assets it had‚’ he said.

‘We want answers so that we can proceed against those who initiated or funded the litigation.’

The Master of the High Court has also been directed to convene the inquiry.

Full TimesLIVE report